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Tesla Shatters Production Records for the Third Quarter

Tesla produced approximately 80,000 vehicles in Q3, a company record including 53,000 Model 3 units representing a 187% quarter-over-quarter increase. The company continues operating amid regulatory settlement requiring Musk to pay a $20 million fine and step down as chairman, with Tesla also paying $20 million in fines.

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Key takeaways

01

Tesla produced roughly 80,000 vehicles in Q3, a company production record

02

Model 3 production reached 53,000 units, a 187% increase from Q2

03

Elon Musk agreed to pay a $20M fine and step down as chairman; Tesla will also pay $20M

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Tesla Shatters Production Records for the Third Quarter Tesla produced roughly 80,000 vehicles in Q3, breaking company records. This includes around 53,000 Model 3 vehicles, a 187% increase in production from the second quarter. Tesla seems to be on track despite the legal turmoil surrounding CEO and founder Elon Musk. The SEC charged Musk with fraud last week due to a tweet suggesting he was taking the company private. The case has since been settled with Musk, agreeing to pay a $20 million fine and step down from his role as company chairman. Tesla will also have to pay $20 million in fines.

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