Tesla Motors Q3 Deliveries Break All Previous Records: 24,500 Tesla Model S & Model X EVs Delivered [VIDEO]

Tesla Motors reported on Sunday that the auto company made a delivery of 24,500 vehicles in its third quarter that lasted until September 30. The new sales of Tesla mark  a record increase of 70 percent from its last quarter sales when the company couldn't make the number of deliveries it was expecting.

According to Fool.com, investors have been concerned with the declining deliveries of Tesla's 2012 launched model in the last two quarters. Now, this significant rise in the Tesla Model S deliveries in Q3 has again assured that the vehicle is still fit for the market.

Tesla delivers 24,500 vehicles in Q3, a 111% annual increase https://t.co/MwvnwqV1qG by @thekenyeung

— VentureBeat (@VentureBeat) October 2, 2016

Breaking Past Sales Records:

Tesla, in a statement given to Important Media, reported that the Q3 sales comprised 15,800 Model S sedans and 8,700 Model X SUVs. This marks an increase of over 70% from the last quarter's deliveries that ended up in 14,402. Additionally, 5,500 vehicles were also in transit to customers at the end of the Q3. As the Company has a conservative criterion, these cars will not be counted until Q4. There was a boost of 37% in the production rate as well, rising from the production of 18,345 in Q2 to 25,185 vehicles in Q3.

Tesla delivers a whopping 24,500 vehicles in Q3, sets quarterly record https://t.co/mDtlQoj28d — Elon Musk News (@ElonMuskNewsOrg) October 3, 2016

Why is Tesla Model S very significant?

After the declining sales rates in the last two quarters, the EV manufacturer was under pressure to have a record breaking Q3. The Verge reports the company to be planning yet another sale of Model S and Model X so as to raise the capital needed to start the production of Model 3 on schedule. Investors are observing if Tesla is able to meet its requirement of 80,000 cars for this year. The stock price is sure to go up if Tesla completes the target.

Model S is very important as it represents half of the company's total vehicle sales. The vehicle generates more gross profit per sale in comparison to the company's newer Model X. It's pretty clear that Model S offers the best chance for generating a regular cash flow for the Company.

Bloomberg reports that this quarter was the last chance Tesla had to show the investors that it is still profitable. With the delivery of 24,500 vehicles, Tesla has rendered its criticizers silent. It's pretty amazing how people keep on criticizing Tesla and the company keeps on proving them wrong.