Tesla stock drops 5% after Q3 deliveries fall short of estimates
Tesla (TSLA) announced third quarter deliveries on Wednesday that slightly missed expectations, sending the stock down about 5% in early trading.
The EV maker delivered 462,890 vehicles in the three months to Sept. 30, up 6.4% quarter over quarter to mark the first quarter of delivery growth this year. The numbers also came in ahead of the 435,059 EVs the company delivered in the year-ago period.
But investors have also debated a “notably lower” annual vehicle growth rate, which Tesla warned about after the first quarter.
Tesla reported third quarter deliveries that fell slightly short of Wall Street expectations.
finance.yahoo.com