Ahead of Model 3 Production Ramp, Tesla, Inc.'s Model S Sales Rebound

One item that could have gone overlooked in Tesla's (NASDAQ: TSLA) recent update on third-quarter vehicle deliveries was its rebound in Model S deliveries. Sure, the huge miss on its Model 3 production target encompasses the news from the release that investors should care about most. But it is encouraging to see the Model S continue to sell in meaningful volumes.

There has been some concern that Tesla's recently launched lower-cost Model 3 would dampen demand for Model S. In addition, the Model S' ability to consistently outsell comparably priced large luxury sedan has been critiqued by some to be unsustainable. But it's becoming increasingly difficult to discount the Model S' popularity.

Model S. Image source: Tesla.

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Source: Fool.com