Tesla delivered 241,300 electrical autos through the third quarter of 2021, the corporate reported Saturday.

The quarter’s deliveries topped expectations. Analysts predicted that Tesla would ship round 220,900 electrical automobiles throughout this era, in line with estimates compiled by StreetAccount as of September 30.

The corporate produced 237,823 automobiles within the interval ending September 30, 2021, Tesla mentioned in its report. Of that, 228,882 had been its Mannequin 3 and Y autos, its extra inexpensive mid-range choices.

The rest produced amounted to eight,941 of its Mannequin S and X autos.

Final quarter, Tesla delivered 201,250 autos and produced 206,421 automobiles, at the same time as manufacturing of its Mannequin S and X autos fell beneath 2,500.

“Our supply rely ought to be seen as barely conservative, as we solely rely a automotive as delivered whether it is transferred to the shopper and all paperwork is right. Last numbers might fluctuate by as much as 0.5% or extra,” the corporate mentioned in an announcement.

Tesla doesn’t escape supply numbers by mannequin, nor does it report gross sales or manufacturing numbers from China versus the U.S. (Deliveries are the corporate’s closest approximation of auto gross sales.)

The press launch saying the manufacturing and deliveries report was dated Austin, Texas. Tesla’s site nonetheless lists its headquarters as being in Palo Alto, Calif., however Elon Musk moved to Texas final yr and the corporate is constructing a brand new manufacturing facility within the Austin space.

Tesla can also be planning to host its annual shareholder assembly at its plant, now underneath development, close to Austin on October 7. Musk beforehand threatened to maneuver Tesla’s headquarters out of California within the spring of 2020 when the state’s Covid-related well being orders required Tesla’s Fremont manufacturing facility to briefly droop operations for just a few weeks.

On the time, California Gov. Gavin Newsom instructed CNBC he was “not frightened about Elon leaving any time quickly,” and voiced assist for Tesla.

Elon Musk’s electrical automobile maker now produces automobiles at its Shanghai plant, and U.S. manufacturing facility in Fremont, California, whereas persevering with to supply batteries domestically with Panasonic at their sprawling facility outdoors of Reno, Nevada.

Through the interval ending September 30, 2021, Tesla started to ship some lithium iron phosphate batteries from China for use in Mannequin 3 autos made for patrons within the U.S.

Tesla additionally briefly suspended some operations at its automobile meeting plant in Shanghai, the place it makes automobiles for patrons in China and Europe. The halts had been attributed to a worldwide semiconductor scarcity, which has posed a problem to Tesla all yr, and plagued your complete auto business.

New battery electrical fashions, notably Rivian’s R1T and Lucid Motors’ long-delayed luxurious Lucid Air sedan, are actually in manufacturing and promoting to prospects within the U.S., a sign that competitors is heating up in key markets for Tesla.

On the identical time, curiosity in electrical autos is rising too, even within the U.S. a laggard in adoption in comparison with China and Europe.

Based on a June 2021 survey from Pew Analysis, 39% of People say that “the subsequent time they buy a automobile, they’re at the very least considerably more likely to critically think about electrical.” About 7% of People mentioned they’ve already bought a pure battery electrical or hybrid-electric automobile.

That demand is just inspired by rising gas prices and environmental rules.

For instance, in China, authorities applications make it far faster and cheaper to get license plates for electrical autos than inside combustion engine autos. The Chinese language authorities has additionally supplied subsidies, tax breaks and invested in charging infrastructure to encourage EV manufacturing and adoption.

In the meantime, President Joe Biden set a voluntary goal for half of all new automobile gross sales within the US to be electrical fashions by 2030– together with battery electrics, plug-in hybrids, and hydrogen gas cell autos. The transfer is a part of the Biden administration’s pledge to cut back U.S. emissions by in half by 2030.

Piper Sandler senior analysis analyst Alexander Potter, a bull with a $1,200 worth goal for shares of Tesla, wrote in a observe on September 27:

“Tesla’s share of the battery electrical automobile (BEV) market will virtually definitely fall – as a result of many friends have not began promoting BEVs but. However we absolutely anticipate Tesla’s share of the general market to proceed rising, and we stress that declining BEV market share shouldn’t be thought-about a bearish sign… In any case, Tesla is competing in opposition to autos of every kind – not simply in opposition to different electrical autos.”

Auto Forecast Options Vice President Sam Fiorani agreed. He mentioned, “Tesla has such a head begin on the competitors within the EV market that it’s unlikely for anybody to cross them anytime quickly. The Cult of Tesla will hold patrons connected to the model for years to come back. Even Audi and Mercedes are discovering it tough to faucet into the identical sort of aura. Whereas their market share will lower, Tesla will hold the management place for years to come back and not using a main misstep from inside the firm.”