Tesla delivers 486,532 vehicles in Q3, beating estimates

Tesla reported 486,532 deliveries in the third quarter, above the roughly 461,000 analysts expected but about 2% below the 497,099 vehicles delivered a year earlier. Production reached 464,391 units, with Model 3 and Model Y accounting for 98% of deliveries. Shares rose about 5% in early trading.

• Q3 deliveries: 486,532 vehicles vs. analyst estimate of ~461,000
• Down 2% year over year from 497,099, but up 1.3% from Q2
• Production totaled 464,391 vehicles, with the gap covered by inventory
• Model 3 and Model Y made up 478,237 deliveries, about 98% of the total