• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

2

Former CIA official found with $40 million in gold bars for 'work-related expenses' reaches tentative plea deal 

3

The trade deficit with Canada that's upset Trump so much is due to crude the U.S. buys at a discount for the Midwest. 'It’s the only oil they can use'

1

Amazon workers on food stamps have tripled despite its record revenue—and it’s just the latest evidence of the new economy of shrinking labor shares

2

Former CIA official found with $40 million in gold bars for 'work-related expenses' reaches tentative plea deal 

3

The trade deficit with Canada that's upset Trump so much is due to crude the U.S. buys at a discount for the Midwest. 'It’s the only oil they can use'

Tesla Actually Soared Far Higher Than Previously Reported Production Goals

By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
October 2, 2018, 9:27 AM ET
Google source logo
Add Fortune on Google for similar content.

Tesla delivered 83,500 vehicles to customers in the third quarter—doubling the number of Model 3 sedans it was able to put in customers’ hands than in all previous quarters combined.

That figure, which is 4% higher than some reports suggested yesterday, also represents an 80% improvement over the entirety of deliveries in 2017, a hopeful sign for customers whose Model 3 is back ordered.

Tesla had predicted it would deliver between 50,000 and 55,000 Model 3s in the quarter. It fell right in the middle of that range at 53,239.

The numbers update comes just days after Elon Musk told employees the automaker was “very close to achieving profitability and proving the naysayers wrong.”

(That email was sent after Musk agreed to relinquish the role of chairman for at least three years and pay $20 million to settle fraud charges that the U.S. Securities and Exchange Commission brought against him for a Tweet earlier this year regarding a possible privatization of the company.)

That same note urged workers to push their productivity to the limits as the third quarter ended, and they seem to have done that. Tesla says in the last week of the quarter, it produced over 5,300 Model 3 vehicles.

The company says it expects to continue to scale production and delivery in the fourth quarter, as it expands direct delivery to customers at their home or office. Nearly 12,000 Model S and X vehicles were in transit to customers at the end of the quarter. Tesla says it still expects to deliver 100,000 of those vehicles before the end of the fiscal year.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

See full bioRight Arrow Button Icon

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.