To The Moon

TSLA (Tesla Motors, Inc.) hit the next record for deliveries in the past quarter - but at the same time missed even higher expectations from analysts. The company of tech billionaire Elon Musk brought 343,830 electric cars to buyers from July to September. The previous record was a good 310,000 in the first quarter of this year.

Tesla is currently expanding its production, among other things, the capacities are being increased in the two new plants in Grünheide near Berlin and in Texas. Production thus reached almost 365,923 electric cars in the past quarter - mostly from the volume models 3 and Y.

Analysts had expected 358,000 deliveries. In the announcement on Sunday, Tesla pointed out that it was difficult to secure transport capacities at a reasonable price, especially in the hot delivery phase at the end of the quarter.

A lot of attention is paid to Tesla's delivery figures - because they are an indicator of how well the electric pioneer is doing against the increasing competition from established car companies in the business. The current question is to what extent inflation and concerns about the economy could slow down the market.

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