Tesla delivered a better-than-expected 241,300 cars worldwide in the third quarter, up 73 percent from a year earlier, resulting in a record for the EV maker.
Quarterly deliveries are one of the most closely watched indicators for Tesla. They are also widely seen as a barometer of consumer demand for electric vehicles amid a transition away from the internal combustion engine.
"We would like to thank our customers for their patience as we work through global supply chain and logistics challenges," Tesla said in a statement Saturday.
Deliveries of the Model 3 and Y accounted for the overwhelming number of cars shipped.
Rising exports of Tesla cars to Europe and the introduction of a cheaper Model Y helped to boost Tesla's production, analysts said.
Gary Black, portfolio manager at the Future Fund, said that Tesla's deliveries were driven by record deliveries in China, which was "putting to rest any notion China demand is slowing."
Tesla has not released its September China sales yet, and in August, its Shanghai factory exported more than two thirds of its vehicles to Europe and Asian countries.
The automaker's third-quarter result beat an average estimate for deliveries of 223,677 from 12 analysts surveyed by Bloomberg and also surpassed the average projection of 221,952 that Tesla sent to investors.
It was higher than than the company's previous record for 201,250 vehicles in the second quarter, marking the sixth consecutive quarter-on-quarter gains for the company.
"With the chip shortage a major overhang on the auto space and logistical issues globally these delivery numbers were 'eye popping and speaks to an EV demand trajectory that looks quite robust for Tesla heading into 4Q and 2022," said analyst Dan Ives of Wedbush Securities in a note to clients Saturday.
Shares of the EV market leader closed Friday little changed at $775.22. The stock is up less than 10 percent so far this year and trails the broader S&P 500, which it joined last year.
Tesla's numbers compare favorably with the rest of the industry, which saw U.S. vehicle sales slump in the latest three-month period due to limits on production from supply chain shortages. General Motors, which idled key truck plants in September, took the biggest blow, with sales in its home market dropping by a third in the latest quarter.
Tesla does not break out sales by geography, but the U.S. and China are its largest markets. Tesla currently makes the Model S, X, 3 and Y at its factory in Fremont, California, and the Model 3 and Y at its plant in Shanghai. More than 96 percent of sales this quarter were of the Model 3 and Y.
New plants are close to completion in Austin, Texas, and near Berlin in Germany.
The German factory will supply the European market where Tesla's vehicle sales increased 73 percent to 78,810 through August, according to JATO Dynamics market researchers.
Tesla will hold its annual shareholder meeting from the Austin factory on Thursday. Martin Viecha, Tesla's head of investor relations, did not respond when asked if Tesla has moved its corporate headquarters to Austin.
In September, CEO Elon Musk sent an email to employees urging everyone to "go super hardcore" to "ensure a decent Q3 delivery number."
Reuters contributed to this report