Truist Raises Price Target Following Tesla (TSLA) AI Day

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Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Third Quarter 2022

October 2, 2022 12:00 PM EDT

AUSTIN, Texas--(BUSINESS WIRE)-- In the third quarter, we produced over 365,000 vehicles and delivered over 343,000 vehicles.

Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars. As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks. In Q3, we began transitioning to a more even regional mix of vehicle builds each week, which led to an increase in cars in transit at the end of the quarter. These cars have been... More