The carmaker announced it has reached a record high production compared to previous quarters. Some much needed good news for the company and investors.
Tesla produced a record 80,142 vehicles, “50% more than our prior all-time high in Q2” according to a statement released by Tesla.
Tesla said “deliveries [for Q3] totalled 83,500 vehicles, 55,840 Model 3, 14,470 Model S and 13,190 Model X” – which is 80% of all deliveries in 2017 alone.
Some 8,048 Model 3 and 3,776 Model S and Model X vehicles are on their way to new customers, and will be delivered in the beginning of Q4.
The good news comes in dire times for Tesla. On September 28, Elon Musk and Tesla agreed to settle with the SEC and pay $40 million in fines. Twenty million was paid from Elon Musk for the allegations and the other $20 million were paid by Tesla for failing to curtail Mr. Musk.
As Model 3 is Tesla’s mainstream vehicle, the company intends to offer “leasing, standard battery, and other lower-priced variants of the car and by starting international deliveries.”