Tesla TSLA) stock is jumping on Friday after the EV giant delivered 486,532 vehicles during the third quarter, easily surpassing expectations of roughly 461,000 vehicles. While deliveries still slipped 2% from the record 497,099 vehicles delivered a year ago, the sizable beat was encouraging considering lingering concerns surrounding global EV demand. Tesla produced 464,391 vehicles during Q3, meaning deliveries also exceeded production by more than 22,000 units. Model 3 and Model Y vehicles accounted for 478,237 deliveries, underscoring the importance of Tesla's two highest-volume models.
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