Tesla produced a record-breaking 96,155 cars last quarter

Enlarge / An aerial view of the construction site of Tesla’s manufacturing facility is seen on April 8, 2019 in Shanghai. The factory is expected to begin production before the end of 2019, which could help Tesla meet its goal to deliver at least 360,000 vehicles for the year. (credit: Zhang Hengwei/China News Service/Visual China Group via Getty Images)

Tesla set new records for both production and delivery of vehicles in the third quarter of 2019, the company announced on Wednesday. Tesla produced 96,155 vehicles and delivered slightly more—97,000.

It’s a modest improvement over the 95,200 cars Tesla delivered in the second quarter. But Wall Street wasn’t impressed by the new figures, with Tesla stock falling about 4% in after-hours trading.

One of the most significant trends in Tesla’s vehicle deliveries this year has been the sharp decline in sales of Tesla’s pricier Model S and Model X models. Tesla enjoyed combined S and X sales of almost 100,000 vehicles in 2018—or nearly 25,000 per quarter.