Tesla’s Q3 EV Deliveries Soar Even as ARK Unloads Shares

Tesla’s Q3 EV Deliveries Soar Even as ARK Unloads Shares

Tesla is in the spotlight as the final quarter of the year gets underway. The period is key for the electric vehicle maker to meet its delivery estimates for 2021. Elon Musk’s company is off to a good start based on third-quarter results.

Tesla announced on Oct. 2 that it delivered 241,300 vehicles in Q3, representing a 73% increase year-over-year and exceeding expectations. Wall Street analysts were looking for 220,900 deliveries. Tesla sales were also up 20% vs. Q2 results.