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Tesla Q3 report reveals company more than doubled profit from a year ago

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reported vehicle sales that rose 35% for the July-September period compared to the second quarter as the company’s huge factory in China got past supply chain issues and pandemic restrictions.The company sold 343,830 cars and SUVs in the third quarter compared with 254,695 deliveries made from April through June.

Tesla said it produced 365,923 vehicles in the July-September period.Analysts have questioned whether Tesla is experiencing waning demand for its vehicles, which in the U.S.

start around $49,000.So far this year, the company has delivered 908,573 vehicles. Last year, the company delivered just over 936,000 vehicles.

To increase sales by 50% over last year, which would amount to about 1.4 million vehicles, the company would have to sell more than 490,000 vehicles in the fourth quarter.FREMONT, CALIFORNIA - OCTOBER 19: In an aerial view, brand new Tesla cars sit in a parking lot at the Tesla factory on October 19, 2022 in Fremont, California.

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