Don't Overlook Tesla, Inc.'s Strong Model X Deliveries

The biggest news from Tesla's (NASDAQ: TSLA) update on third-quarter deliveries was undoubtedly its worse-than-expected Model 3 production. With just 260 Model 3 units produced, Tesla missed its target for third-quarter Model 3 production for 1,500 units by a longshot. But there was one area investors may want to take a second look at: Model X deliveries.

Quarterly deliveries of the late-2015-introduced Model X hit a new high in Tesla's third quarter, coming closer to rivaling Model S sales. The higher deliveries show how Tesla has been able to replicate the success its Model S has seen -- but this time in the important luxury SUV market.

Model X. Image source: author.

Source: Fool.com