Tesla's production hit a record high in the third quarter, and Musk is to blame for the stock price's ups and downs

On October 2, Tesla announced its production in the third quarter of this year, producing a total of 80,142 electric vehicles, a record high.

Tesla's production in the third quarter of this year was 50% higher than that in the second quarter. Tesla produced 53,239 vehicles in the third quarter of this year, which exceeded the Wall Street consensus expectation of 50,416 vehicles. In the last week of the third quarter, Tesla achieved its goal of 5,000 vehicles per week.

Tesla said that the Model 3s it has delivered were only sold to customers in North America, and they were all higher-priced versions. This shows that there is still a lot of room for the Model 3 to grow in the future. The Model 3 can also expand into other regions and further increase sales with relatively low-priced versions.

However, Tesla's situation in China is not optimistic. The increase in tariffs has increased the cost of purchasing Tesla's various models. Although Tesla has begun to build a factory in Shanghai, distant water cannot quench immediate thirst. According to Tesla's plan, the Shanghai factory will mass-produce Model 3 in 2020.

China subsidizes domestically produced electric vehicles at around 15% or more of the manufacturer's suggested retail price. Tesla only bears the transportation and tariff costs. Compared with producing cars in China, Tesla currently has to pay 55% to 60% more.

However, some commentators said that although Tesla has tried its best to achieve its production and sales targets in the past few weeks, it remains unknown whether Tesla can continue to maintain a weekly production of 5,000 Model 3s and whether it can achieve profitability in the future.

After the announcement of the third quarter production, Tesla's stock price opened high and fell, and finally closed down 3.12%. The market seems to be pessimistic about Tesla's third quarter performance. On October 1, Tesla's stock price soared 17% due to the news of Musk's settlement with the US Securities and Exchange Commission. Musk is the soul of Tesla, but recently Musk's series of actions have caused Tesla's stock price to fluctuate greatly. Publicly smoking marijuana and announcing privatization show that Musk himself has become an unstable factor for Tesla.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.