Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessTesla Stock Falls on Weak Delivery Numbers

Tesla Stock Falls on Weak Delivery Numbers

Add to Favorite
Added to Favorite


Tesla (NASDAQ:TSLA) reported lower-than-expected delivery numbers for the third quarter, attributed to factory upgrades during the summer. Following the delivery report, Tesla shares declined by more than 2% intra-day today.
In the third quarter, Tesla reported deliveries of 435,059 vehicles, falling short of Wall Street analysts’ expectations of 456,722. Model S/X deliveries were 15,985, compared to the anticipated 17,722, and Model 3/Y deliveries amounted to 419,074, below the estimated 439,362.
Regarding production, Tesla manufactured a total of 430,488 vehicles during the quarter, which was lower than the estimated 461,992. Tesla explained the sequential decline in volumes as a result of planned factory upgrades previously discussed in its earnings call. The company stated that its 2023 volume target of approximately 1.8 million vehicles remains unchanged despite these challenges.

Subscribe to get Latest News Updates

Latest News

You may like more
more