Tesla's sales figures have fallen for the first two quarters of this year, but its latest earnings report shows that the numbers are up, showing increased demand in general in the industry.
Tesla reported on Wednesday that it produced 469,796 electric cars overall, including the popular Model 3 and Model Y, and delivered 462,890 cars in the third quarter of 2024. Of those deliveries, $29,490 Model 3 and $30,990 The Model Y accounted for 439,975 of the total vehicles shipped.
Related: 'Next Tesla' electric car startups hit hard: 'Investors want to see demand'
Compared to 430,488 Tesla cars produced at the same time last year and the 435,059 cars it delivered at that time, production is up about 9% and deliveries are up about 6%.
According to Bloombergincreased international demand for electric cars boosted shipments overall.
Demand in the EV industry is slowing for new cars, but accelerating for used ones CNN Business. Ford too recently attempted to increase demand by offering free home chargers and installation with the purchase or lease of one of their cars.
Tesla supercharger station. Kent Nishimura / Los Angeles Times via Getty Images
The numbers in the third quarter are also better than 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 EV manufacturer produced 433,371 cars and delivered 386,810 cars.
The Tesla Model Y was the best-selling electric car in the world last year, according to Statista ratingswith over 1.2 million cars sold. The Tesla Model 3 was the third best, with about 530,000 vehicles sold.