Tesla produced 365,923 electric cars in the third quarter, a 42 percent increase over the previous quarter

Tesla produced 365,923 electric cars in the third quarter, a 42 percent increase over the previous quarter

Tesla constructed around 20,000 more automobiles than it was able to deliver during Q3. “As our manufacturing volumes increase, securing car transportation capacity at a fair cost during these peak logistical weeks becomes more difficult,” Tesla stated in a statement.

Elon Musk, Tesla’s CEO, said last year that the company anticipates a large uptick in deliveries at the conclusion of each quarter. This is because the Shanghai Gigafactory, which just produced its millionth vehicle, produces EVs for Europe and other nations in the first half of each quarter, “then vehicles for faraway parts of China, then cars for local parts of China,” Musk said.