Tesla stock falls as Q3 deliveries fall short of analyst estimates
Total deliveries for the quarter were 435,059 vehicles, while the consensus was looking for 456,722.On the production side, Tesla manufactured a total of 430,488 vehicles during the quarter, below the estimate of 461,992.
Model S/X production was 13,688, compared to an estimate of 18,492, and Model 3/Y production was 416,800, falling short of the estimated 454,060. “A sequential decline in volumes was caused by planned downtimes for factory upgrades, as discussed on the most recent earnings call. Our 2023 volume target of around 1.8 million vehicles remains unchanged,” Tesla said in an update.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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