Tesla’s European Woes Cast Shadow Over Record Deliveries

Tesla has announced unprecedented vehicle delivery figures for the third quarter, yet the achievement is tempered by significant challenges in key European markets. The electric vehicle pioneer finds itself navigating a complex landscape, balancing global volume records against a sharp downturn in Europe and intensifying competition.

The company’s operational performance reached new heights between July and September. Tesla reported delivering 497,099 vehicles, marking its highest quarterly figure to date. Production during this period stood at 447,450 units. The mass-market Model 3 and Model Y constituted the overwhelming majority of these deliveries, accounting for 481,166 vehicles. Beyond automobiles, Tesla’s energy division also celebrated a milestone, deploying a record 12.5 GWh of storage capacity.

The European Contraction

Beneath these impressive global statistics lies... Read more...