The corporate delivered 83,500 autos in the course of the third quarter, a powerful efficiency that ought to calm investor fears about logistical issues and a looming money crunch. That included nearly 56,000 of the lower-priced Mannequin 3.
Manufacturing was a bit beneath that quantity: Tesla mentioned it constructed about 53,000 Mannequin 3s. However that was inside the firm’s projections.
Solely three months in the past, the corporate struggled to build 5,000 Model 3s in every week, a long-delayed goal. Tesla didn’t preserve that tempo, however manufacturing was nonetheless excessive sufficient to maintain the corporate on monitor to show a sustained revenue for the primary time.
Tesla was sorely in want of fine information.
In August, CEO Elon Musk proposed, then abandoned, plans to take the company private. The SEC sued Musk final week, claiming he had deceived buyers by claiming in a tweet that he had secured financing to go personal.
On Saturday, the second to final day of the quarter, Musk reached a deal with the SEC to pay a $20 million wonderful and step apart as…
