Tesla said it delivered 79,600 Model 3 sedans in the quarter, an increase of 2.6 percent from the second quarter. But deliveries of its larger, more established offerings — the Model S and the Model X — totaled 17,400, a decline of 250. Analysts say that is a problem for Tesla, since those vehicles often sell for $90,000 and produce far more profit than the Model 3, which sells for as little as $39,000. So far this year, Tesla has delivered about 255,000 cars. Since introducing the Model S in 2012, Tesla has become one of the top producers of luxury cars in the United States, rivaling more established brands like BMW and Mercedes-Benz.

Source: New York Times October 02, 2019 20:54 UTC