Hey, everybody Rob Mower here and today we are of course talking about Tesla's Q3 delivery and production report, which Tesla released today Friday morning,

and I'm sure by now most of you have seen that Tesla announced record deliveries and record production.

We'll get those numbers out of the way right away, So for deliveries, Tesla came in ahead of the facts that consensus estimate,

which was around 136,000 and delivered 139,300 vehicles for Q3. The breakdown of that was 15,200 model S and X and

and 124,100 model 3 slash model Y. Last year in Q3 Tesla Tesla delivered 97,000 vehicles, so this is up 43% year over year.

Even comparing to Tesla's best previous quarter four deliveries, which was Q4 of 2019, at about 112,000, this is up 24% to that previous record.

Flipping over to production, the production numbers are even better.

Tesla produced 145,000 vehicles in the quarter, just under 17,000 model

S and X combined, and just over 128,000 model 3 and Y combined. Compared to

last year's Q3 production of 96,000 vehicles, this is up 51% year over year, and

compared to Tesla's previous record quarter, which again was also Q4 2019, of about 105,000 produced, this is up 38%.

Despite this beat of analyst expectations,

again the fact set consensus was about 136,000 deliveries,

Tesla is currently down about 5% in pre-market trading. We'll see how that changes throughout the course of the day, but the macros are down right now. The Nasdac and futures trading is down about 2.3% ahead of open on the news that President Trump and the First Lady have both

actually tested positive for COVID-19. As for Tesla personally I am

thrilled with these numbers as we talked about yesterday. I had forecast production at 144,600 vehicles, so

Tesla actually topped that slightly. And then I had also forecast 142,600 deliveries.

So Tesla did come in a little bit below that but as I said yesterday the reason I start with my production forecast

is because that's what I care about more that is the limiting factor I think in terms of Tesla's deliveries

I think if they had produced 150,000, they could have delivered 5,000 more vehicles.

Tesla even notes in their delivery announcement that, quote,

in terms of days of sales, new vehicle inventory declined further in Q3 as we continue to improve our

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