Reportedly, Tesla (TSLA) recorded quarterly deliveries exceeding Wall Street estimates, marking the sixth consecutive quarter that the world’s most valuable automaker posted record deliveries.
The electric vehicle giant delivered 308,600 vehicles in the fourth quarter, above analysts’ estimates of 263,026 vehicles. Tesla’s October-December deliveries increased about 70% from a year earlier and nearly 30% higher from record deliveries the preceding quarter.
Tesla ramped up production in China for domestic sales and exports to Europe and other countries even after competition rose and regulatory pressure built-up following product safety complaints by consumers. Led by billionaire CEO Elon Musk, Tesla Inc. sold a total of 296,850 Model 3 compact cars and Model Y sport-utility vehicles to customers in the fourth quarter. It delivered a combined 11,750 Model S and Model X vehicles, higher from 9,275 in the third quarter. Analysts estimated Tesla to deliver 12,879 Model S and Model X cars.
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