Tesla Delivers 7.0 Million Vehicles to Global Market in Q3

For Tesla, the global delivery of its seventh 100,000th vehicle marks a significant milestone in the company's history. This achievement comes just seven months after delivering 1 millionth vehicle worldwide.

The Shanghai Super Factory has hit two major milestones: delivering its third hundred-thousandth vehicle in October and exporting its first one hundred-thousandth vehicle in September. The Model Y is currently the top-selling vehicle on Chinese and European markets, as well as among the top three electric vehicles sold in the United States during Q3.

Regarding revenue and funding, Tesla reported record-breaking third-quarter revenues of $2.52 billion (approximately 17.95 billion RMB), a 8% year-over-year increase, with quarterly non-GAAP net income at $2.25 billion (18.81 billion RMB). The company also saw increased cash flow, with operating cash flow reaching $6.3 billion (44.89 billion RMB) and free cash flow of $2.7 billion (19.24 billion RMB), driven by a 29% increase in cash and investments.

In terms of battery production and charging networks, Tesla achieved significant milestones during the third quarter: producing its one billionth 4680 battery cell and continuing to develop its Supercharger network with over 2,800 new stations added globally, representing a 22% year-over-year growth rate.

Finally, in the realm of Autopilot and artificial intelligence, Tesla expanded its autonomous driving capabilities through its FSD (Full Self-Driving) software. In Q3, the company refined its training data, resulting in improved accuracy for the V12.5 version of FSD. The latest update has seen a five-fold increase in parameters, making it safer and more comfortable for users. Additionally, CEO Elon Musk predicted that the upcoming version, V13, would see a 500-fold increase in intervention frequency.