Tesla announced that it delivered roughly 97,000 vehicles in the third quarter of 2019, falling just short of Elon Musk’s goal of exceeding 100,000 quarterly deliveries for the first time in the company’s history.
The Verge reports that this number means the electric automaker has shifted approximately 255,000 vehicles this year, more than its 2018 total. For 2019, Tesla set a goal of between 360,000 and 400,000, and if it is to achieve even the low end of this estimate, it must deliver at least 105,000 vehicles in Q4.
Also Read: Tesla Sales Are Thriving, But It Still Lost $408 Million In The Second Quarter
The vast majority, that is 79,600 out of the 97,000 units, Tesla sold last quarter were for the Model 3, showing just how important it is to the future of the company. It also says it logged “record net orders” in the third quarter of the year and that it built a total of 96,155 vehicles during the same period.
There had been some concern that Tesla could struggle to find new buyers for the Model 3 after churning through the backlog of hundreds of thousands of orders it received in the years since the car’s unveiling in early 2016. These numbers indicate that in the U.S., Europe and China, there is still a lot of demand for its entry-level EV.
It will be interesting to see if the automaker’s encouraging delivery figures have also helped its financials. Tesla lost $408 million in the second quarter despite delivering a then-record 95,356 vehicles. It also lost $702 million in the first quarter, when it shifted 63,000 units.
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