Tesla (TSLA) has released its official deliveries and production results for the third quarter of 2024. The automaker confirmed that it delivered just short of 463,000 vehicles, which was Wall Street’s expectations.
Tesla Q3 2024 Expectations
After two quarters in a row with deliveries being down year-over-year, a first for Tesla in almost a decade, Wall Street has been expecting Tesla to finally return to year-over-year growth this quarter.
Analysts have a consensus of 463,000 deliveries.
While meeting those expectations would mark a return to year-over-year for Tesla, they would be short of the 485,000 deliveries it needs to stay on track for overall delivery growth in 2024 and short of the 585,000 deliveries it needs to stay on track for its original goal of 2 million deliveries for the year.
Tesla isn’t releasing precise guidance for annual deliveries anymore.
Tesla Q3 2024 Production and Delivery Results
Before markets opened today, Tesla released its production and delivery results for the last quarter. The automaker confirmed that it produced 469,796 vehicles and delivered 462,890 vehicles between July and September 2024.
| Production | Deliveries | Subject to operating lease accounting | |
| Model 3/Y | 443,668 | 439,975 | 3% |
| Other Models | 26,128 | 22,915 | 1% |
| Total | 469,796 | 462,890 | 3% |
This comes literally just about a hundred vehicles under Wall Street expectations.
Tesla had been sitting on about 13,000 vehicles in over production before Q3. Now, it adds about 7,000 vehicles to that tally.
Lately, Tesla has been sharing its energy storage deployment with its quarterly automotive delivery results.
Today, Tesla confirmed that it deployed 6.9 GWh of energy storage capacity in Q3 2024.
This compares to the 9.4 GWh installed last quarter.