Tesla (NASDAQ: TSLA) superbull Cathie Wood of ARK Invest just recently made some keen monitorings for investors complying with the car manufacturer’s release of its Q3 2021 vehicle production and also delivery record. Specifically, the ARK Invest owner explained Tesla’s notable boost in US auto sales and GM’s decrease in the third quarter, in spite of the ongoing chip lack.
” Today, $TSLA revealed that in the third quarter it sold 241,300 vehicles around the world, up 73% year over year (YoY) and 20% quarter over quarter (QOQ),” Wood’s specified in a recent tweet. “On the other hand, $ GM criticized the ~ 33% YoY decline in its United States sales on chip scarcities. What? # EVs need 3-5x extra chips per auto generated!”
Today,$ TSLA announced that in the third quarter it marketed 241,300 cars worldwide, up 73% year over year (YoY) as well as 20% quarter over quarter (QOQ). At the same time, $GM condemned the ~ 33% YoY decline in its United States sales on chip scarcities. What? #EVs require 3-5x extra chips per auto created!
— Cathie Wood (@CathieDWood) October 2, 2021
Soon after the 3rd quarter ended, Tesla released its manufacturing and also delivery numbers. In the 3rd quarter, Tesla produced 8,941 Version S/Model X while delivering 9,275 of them. The company additionally produced 228,882 Version 3/Model Y devices, delivering 232,025.
In total, Tesla generated 237,823 as well as provided 241,300 cars and trucks in Q3 2021. In the second quarter, Tesla generated a total of 206,421 automobiles and also delivered 201,250. While in the very first quarter, the EV maker produced 180,338 units as well as supplied 184,800. As can be obtained by Tesla’s quarterly production as well as shipment reports, the company’s numbers are continuously climbing quarter over quarter.
Meanwhile, GM reported delivering 446,997 cars in the USA in the 3rd quarter, down 218,195 devices contrasted to 2020. In the very first quarter, GM reported that all of its US brand names had actually seen double-digit increases YoY in retail sales. It marketed 642,250 cars in the US in Q1 2021. Overall sales were up 4% contrasted to April 2020. In July, at the end of the 2nd quarter, GM reported an increase of 40% compared to a year ago.
The legacy car manufacturer pointed out semiconductor “supply chain interruptions and also historically reduced stocks” as the factor for the decline in United States sales.
” The semiconductor supply disruptions that affected our third-quarter wholesale and consumer shipments are enhancing. As we seek to the 4th quarter, a steady flow of vehicles held at plants will remain to be released to suppliers, we are restarting manufacturing at crucial crossover and also cars and truck plants, and also we anticipate a much more steady operating atmosphere via the loss,” noted Steve Carlisle, the executive vice president and president of GM North America.
Disclaimer: I am lengthy TSLA.
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