Tesla Growth Tumbles To 4.5% Year-Over-Year

About: Tesla, Inc. (TSLA)
by: Donn Bailey
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Donn Bailey
Long-term horizon, portfolio strategy, Growth At Reasonable Price, Contrarian

Heavy discounting (as predicted) appears to have helped Tesla sell more cars than they built in Q3 for the first time in company history.

Of the 1,650 Model 3s predicted to roll out of Fremont in Q3 only 260 were actually built and only 220 were delivered.

If only 260 were built why are there pics on the internet of VIN 000313? Were production units destroyed in testing and not counted?

Based on July and August estimated sales by the scorekeepers, Tesla delivered more than 50% of all Q3 deliveries in September, of which over 2,000 units were in inventory on July 1.

Tesla's (TSLA) release yesterday of Q3 quarterly delivery counts for Model S, X, and 3 are a mixed bag of good and bad news. Good news for the Model X but not so