Tesla delivered 241,300 electric vehicles during the third quarter of 2021, the company reported Saturday.

Deliveries exceeded all expectations. StreetAccount estimates that Tesla will deliver approximately 220,900 electric vehicles during the period were based on predictions made by analysts as of September 30, according to StreetAccount.

According to Tesla’s report, the company manufactured 237,823 vehicles in the time period that ended September 30, 2021. 228,882 of these were Model 3 and Y cars, which are the company’s more economical mid-range vehicles.

It produced 8,941 Model S and X cars.

Tesla produced 206.421 vehicles last quarter and delivered 201.250 vehicles in the third quarter. However, its Model S- and X production fell to below 2,500.

Tesla doesn’t break down delivery figures by model. It also does not report production or sales numbers from China against the U.S.

Elon MuskThe electric car maker produces vehicles at the Shanghai plant and in Fremont, California. Meanwhile, Panasonic continues to make batteries at their vast facility near Reno, Nevada.

Tesla achieved its greatest success during the time period ending September 30, 2021. began to shipSome lithium ironphosphate batteries made in China will be used for Model 3 cars that are being built in America.

Tesla temporarily suspended operations in its Shanghai vehicle assembly plant, which makes vehicles for European and Chinese customers. This was due to a worldwide semiconductor shortage that has plagued the whole auto industry and Tesla.

Models with new battery-electric power notably Rivian’s R1TLucid Motors’ long-delayed luxury Lucid Air sedanThe newest models are in production now and being sold to American customers, a sign that Tesla is experiencing increased competition in key markets.

However, electric vehicle adoption is on the rise in America, a country that has been slow to adopt them compared with Europe and China.

A June 2021 Survey from Pew Research,39% believe that electric vehicles are a possibility when purchasing a new vehicle. Only 7% said that they had purchased an electric hybrid vehicle or pure battery-electric vehicle.

This is why it’s important to encourage demand rising fuel costsEnvironment regulations.

China is one example. government programsIt is much easier and more affordable to obtain license plates for electric cars than it is for internal combustion engines. China has provided subsidies, tax cuts and investments in charging infrastructure for EV production to promote adoption.

Meanwhile, President Joe Biden created a voluntary target. half of all new vehicle salesThe US will have electric vehicles by 2030, including plug-in hybrids and battery electrics. It is part the Biden administration’s pledge. reduce U.S. emissions by in half by 2030

Piper SandlerAlexander Potter is senior research analyst and a bull. His $1,200 target price for Tesla shares was written in a September 27th note.

“Tesla’s share of the battery electric vehicle (BEV) market will almost certainly fall – because many peers haven’t started selling BEVs yet. But we fully expect Tesla’s share of the overall market to continue rising, and we stress that declining BEV market share should not be considered a bearish signal… After all, Tesla is competing against vehicles of all types – not just against other electric vehicles.”

Sam Fiorani (Vice President Auto Forecast Solutions) agreed. According to Fiorani, Tesla has a clear advantage over the rest of the EV industry that anyone can catch them soon. Tesla’s Cult of Tesla is going to keep customers loyal for many more years. It is difficult for Mercedes and Audi to access the same aura. Although their market share may decrease, Tesla will continue to be the leader in the industry for many years without any major mistakes from the company.”