Tesla Inc. delivered a record number of vehicles worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales.
The Palo Alto, Calif.-based automaker delivered 139,300 vehicles, eclipsing its prior all-time high of 112,000 in the fourth quarter of 2019 and above the 129,950 projected by analysts surveyed by Bloomberg.
Shares of Tesla closed Friday's trading down 7.4 percent to $415.09.
“Overall, these are stellar numbers,” Dan Ives, an analyst at Wedbush, said in a phone interview early Friday. “The read through here is that China was a source of strength.”
CEO Elon Musk signaled to employees and investors that a record quarter was within reach in an internal email in late September.