October 1 (UPI) — On the second or third day of each quarter, Tesla will announce production and deliveries of electric vehicles in the previous quarter, and third-quarter production and deliveries are expected to be announced in the next two days, according tomedia reports. For the third quarter, analysts expect Tesla to deliver no less than 140,000 electric vehicles, a record high.
Analysts on average expect Tesla to deliver 140,000 electric cars in the third quarter, including 107,500 model 3s and Model S and Model X 8,000 and 7,300 vehicles, respectively, according tomedia reports.
Joseph Spak, an analyst at RBC Capital Markets, expects Tesla to deliver 144,600 vehicles in the third quarter.
Tesla delivered 884,000 and 906.5 million electric vehicles in the first and second quarters of this year, respectively, and analysts expect deliveries of no less than 140,000 vehicles in the third quarter, meaning delivery is expected to be close to 80 percent in the first half.
The highest delivery quarter since Tesla began delivering electric cars in the second quarter of this year was the fourth quarter of last year, when it delivered 112,000 electric vehicles to consumers, a record high of 140,000 in the fourth quarter.
While analysts expect Tesla’s third-quarter delivery to be significantly higher than in the first two quarters of this year and the previous highest fourth quarter, it is likely to do so.
At the end of the first quarter and the beginning of the second quarter, Tesla’s main Fremont plant was shut down for more than a month, affecting electric vehicle production in both the first and second quarters, which in turn affected deliveries.
But in the third quarter, Tesla’s Fremont plant did not stop production, and as production at the Shanghai superstation increases further, so will their production and delivery.
Notably, with 10 days left in the third quarter, Tesla CEO Musk wrote to employees informing them that third-quarter deliveries were on track for a record high, but that they needed to do their best to do so.