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Published 2 months ago

Tesla 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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