Tesla delivered approximately 24,500 vehicles in Q3, of which 15,800 were Model S (64%) and 8,700 were Model X (36%). This was an increase of just over 70% from last quarter’s deliveries of 14,402. Tesla only counts a car as delivered if it is transferred to the customer and all paperwork is correct; about 5,500 vehicles were in transit to customers at the end of the quarter. These will not be counted as deliveries until Q4.
Production rose to 25,185 vehicles in Q3. This was an increase of 37% from Q2 production of 18,345.
Tesla expects Q4 deliveries and production to be at or slightly above Q3, despite Q4 being a shorter quarter and the challenge of delivering vehicles in winter weather over holidays. Tesla is maintaining its guidance of 50,000 vehicles for the second half of 2016.
Starting in Q3, Tesla quarterly financial releases will no longer include non-GAAP revenue and related financial metrics resulting from vehicles leased through banking partners or that include resale value guarantees.