US EditionTesla reports fall in third-quarter deliveries, misses estimates
- In the third quarter, Tesla produced over 430,000 vehicles and delivered over 435,000 vehicles, but the sequential decline in volumes was due to planned downtimes for factory upgrades.
- Tesla's target for 2023 remains unchanged at around 1.8 million vehicles.
- Tesla's price cuts on inventory vehicles and existing models in the third quarter put pressure on competitors to lower their prices as well.
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Tesla reports misses estimates for quarterly deliveries; shares fall
Tesla's third-quarter deliveries fell short of market estimates due to production constraints caused by planned factory shutdowns. The automaker delivered 435,059 vehicles in the quarter, down nearly 7% from the previous quarter. Despite the miss, Tesla maintains its target of delivering 1.8 million vehicles this year.
Tesla Vehicle Production & Deliveries and Date for Financial Results & Webcast for Third Quarter 2023
In the third quarter, we produced over 430,000 vehicles and delivered over 435,000 vehicles. A sequential decline in volumes was caused by planned downtimes for factory upgrades, as discussed on the most recent earnings
Tesla reports fall in third-quarter deliveries, misses estimates
(Reuters) - Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7% in trading before the bell.
Tesla reports fall in third-quarter deliveries, misses estimates
Tesla missed market estimates for third-quarter deliveries on Monday as the automaker was forced to curb production due to planned factory shutdowns, sending its shares down 3.7 per cent in trading before the bell.The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, dow
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