Tesla delivers 24,500 vehicles in Q3, a 111% annual increase

Telsa announced that it has accelerated delivery of its electric vehicles in the third quarter. In a press release, the company revealed that in the past three months, it delivered 24,500 vehicles, of which 15,800 were Model S and 8,700 were Model X. This is a 70 percent increase from last quarter’s delivery of 14,402 and a 111 percent increase from Q3 2015.

“Our Q3 delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct,” Tesla said. That being said, 5,500 vehicles are currently in transit and will be counted in Q4.

As for production, the company is seeing an uptick in the number of vehicles being built, jumping 37 percent quarterly from 18,345 to 25,185.

For the last quarter of 2016, Tesla said it expects its deliveries and production to be “at or slightly above Q3” and maintains that it’ll have 50,000 vehicles by the end of the second half.

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