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Tesla's sales numbers were down in the first two quarters of this year, but its latest earnings report shows that the numbers have increased, indicating overall increased demand in the industry.
Tesla reported on Wednesday that it produced a total of 469,796 electric cars, including its popular Model 3 and Model Y, and delivered 462,890 cars in the third quarter of 2024. Of these, 439,975 vehicles were the $29,490 Model 3 and the $30,990 Model Y that were completely shipped.
Related: 'Next Tesla' electric car startups see surge in speed: 'Investors want to see the demand'
Compared to the 430,488 cars Tesla produced in the same period last year and the 435,059 cars delivered at that time, production is up about 9% and deliveries are up about 6%.
According to Bloomberg, increased international demand for electric cars led to an increase in deliveries overall.
According to CNN Business, demand in the electric vehicle industry is slowing for new cars while increasing for used cars. Ford also recently tried to stimulate demand by offering free home chargers and installation when you buy or lease one of its cars.
Tesla super charging station. Kent Nishimura/Los Angeles Times via Getty Images
The numbers in the third quarter are also better than in the second and first quarters of this year. In the second quarter, Tesla produced 410,831 electric vehicles and delivered 443,956 electric vehicles; In the first quarter, the electric vehicle manufacturer produced 433,371 cars and delivered 386,810 cars.
According to Statista estimates, the Tesla Model Y was the best-selling electric vehicle in the world last year, with over 1.2 million cars sold. The Tesla Model 3 was the third best selling with around 530,000 vehicles sold.
Related: What is Elon Musk's new master plan for Tesla? After 18 years, the original blueprint disappears from Tesla's website
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