Elon Musk’s electric vehicle company boosted deliveries by more than 100,000 units from a year ago.
and be used as a laborer to perform difficult, repetitive tasks at its assembly plants. The company also gave a lengthy update on its efforts to perfect self-driving technology at an event that seemed focused mainly on recruiting computer scientists and engineers.
The bulk of Tesla’s deliveries is Model Y hatchbacks and Model 3 sedans, accounting for 325,158 units in the third quarter, or 95% of the total figure. The company said it will release financial results for the quarter on Oct. 19, after the close of regular market trading. “Clearly, Tesla had some delivery challenges in the quarter with some isolated soft spots in China,” Dan Ives, an equity analyst for Wedbush said in a research note. “While the reasoning ... from Tesla makes sense on paper, the Street will not be convinced and lingering worries about demand issues will persist until we hear around year-end unit guidance on Tesla's conference call.”
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