Tesla reports fall in third-quarter deliveries, misses estimates

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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

FILE PHOTO: Tesla vehicles are seen for sale at a Tesla facility in Fremont, California, U.S., May 23, 2023. REUTERS/Carlos Barria/File PhotoTesla 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 world's most valuable automaker produced 430,488 vehicles in the third quarter, compared with 479,700 in the second quarter and 365,923 a year earlier.

Source: News Formal (newsformal.com)

 

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