Hey everybody, Rob Mauer here. Welcome back to Tesla Daily. Welcome to Q4. Today we're

actually talking about Q3 still as we did just get the release for the Q3 delivery and

production report from Tesla. So we'll go through the results here and just talk about

the impact of the results this morning. Alright, so looking at the release from Tesla,

we'll hop down to production and deliveries. Tesla production came in at 430,488 vehicles

in total. Deliveries slightly ahead of that 435,059 vehicles. So production pretty much

in line with my expectations deliveries a little bit lower and pretty significantly lower

than analyst expectations right around. Let's see, make sure I don't misquote the consensus

here. Analyst consensus was 454,809. My estimate was around 444,445,000. So coming in at lower than

both of those expectations, but again a little bit higher than production. As we had talked about

with consensus, my view or my opinion at the time was that the actual expectations were probably

a little bit lower than the sort of whisper number or true expectations. As we saw a lot of

updated numbers and brought them down towards the end of the quarter, not every single analyst

is going to do that though. And that was a reflection of the downtime that we knew about at Giga

Shanghai for the Highland transition and what we saw in Texas. So anyone that didn't update prior

to that may have still had extra production included for that and therefore potentially extra

deliveries. So we'll talk more about those in a second. We'll hop into Excel just a couple of

the things to note with this release though. Tesla did say sequential decline in volumes caused by

planned down times for factory upgrades as discussed on the Q2 earnings call. They also say that

their 2023 volume target of around 1.8 million vehicles remains unchanged. Says around 1.8 million,

it would be nice if that set above 1.8 million, but nevertheless somewhere around 1.8 million.

So a little bit softer language there that could be interpreted by some in that way. It doesn't

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