United States regulators are looking into carpark crashes involving Tesla cars driving themselves to their owners using the company's Smart Summon feature, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday (Oct 2).
Most of the vehicles Tesla put out in the quarter were its standard Model 3, which accounted for 79,600 of its deliveries, short of analysts' expectations of more than 80,000.
Musk had goosed Wall Street's expectations when he recently told employees in an email that Tesla "has a shot" at delivering a record 100,000 cars during the quarter.
In total, the company reports, 16,318 Model S and Model X cars were built and Tesla sold 17,400 of both electric vehicles. Tesla has delivered 255,200 vehicles so far, so it needs to deliver at least 104,800 vehicles in the final three months of the year to meet the target. The rest was made up of Model S and Model X electric vehicles.
In brief: Tesla's record-breaking quarter saw it making and delivering more cars than ever, although not enough to impress Wall Street where its stock fell almost 4 to 5 percent in after-hours trading.
In readiness for the start of production at the Shanghai facility, Tesla has now registered a construction company in China with registered capital of $1 million, and has started advertising jobs for battery-related production engineers. While production problems initially hampered sales, some investors now worry about soft demand for the vehicle, as well as waning sales of its higher-end vehicles that are more profitable for Tesla. The automaker said this shows "organic demand" for Tesla vehicles.
It was, however, unclear when it would meet its year-end production targets due to uncertainties around orders, labor and suppliers, according to a Reuters report.
Tesla has told shareholders to expect deliveries this year to fall between 360,000 to 400,000 vehicles, a 45% to 65% increase from 2018.
The company compiles its own Wall Street estimates, which officials say are a more robust measure because it tracks forecasts by 21 analysts. Tesla delivered 79,600 of the more-affordable vehicle in Q3, compared to 77,550 in Q2.
The company unleashed the feature in its software version 10.0 update last week, allowing owners to use a smartphone to instruct the vehicle to come pick them up in a parking lot.