Tesla delivers 26,150 vehicles in Q3
In Q3, Tesla delivered 26,150 vehicles, of which 14,065 were Model S, 11,865 were Model X, and 220 were Model 3. This was Teslea's all-time best quarter for Model S and X deliveries, representing a 4.5% increase over Q3 of 2016, its previous best quarter, and a 17.7% increase over Q2 of 2017. Tesla had previously indicated that second half Model S and X deliveries would likely exceed first half deliveries of 47,077, but Tesla now expects to exceed that by several thousand vehicles. In total, the company expects to deliver about 100,000 Model S and X vehicles in 2017, which would be a 31% increase over 2016. In addition to Q3 deliveries, about 4,820 Model S and X vehicles were in transit to customers at the end of the quarter. These will be counted as deliveries in Q4. Q3 production totaled 25,336 vehicles, with 260 of them being Model 3. Model 3 production was less than anticipated due to production bottlenecks. Although the vast majority of manufacturing subsystems at both our California car plant and our Nevada Gigafactory are able to operate at high rate, a handful have taken longer to activate than expected. It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain. Tesla understands what needs to be fixed and is confident of addressing the manufacturing bottleneck issues in the near-term.