(Bloomberg) — Tesla Inc. delivered a record number of cars worldwide in the third quarter, smashing analysts’ estimates and maintaining its dominance in electric-vehicle sales — but still below the pace needed to reach its annual sales goal.
The Palo Alto, California-based carmaker delivered 139,300 cars, eclipsing its prior all-time high of 112,000 in the fourth quarter of 2019 and above the 129,950 projected by analysts surveyed by Bloomberg.
Shares of Tesla, which have rallied more than 435% this year, fell 5.2% in premarket trading Friday to $424.89 as of 9:19 a.m. in New York. That was part of a broad selloff of stocks after President Donald Trump disclosed a positive test for Covid-19.
“Overall, these are stellar numbers,” Dan Ives, an analyst at Wedbush, said in a phone interview early Friday. “The read through here is that China was a source of strength.”