Tesla Inc (NASDAQ: TSLA) appears to be feeling the impact of a weakening economy, reporting this morning a sequential decline in deliveries relative to the second quarter.
The electric vehicle makers saw a total of 15,985 Model S/X and 419,074 Model 3/Y vehicles delivered during the quarter, for a total of 435,059. The figure is down from total deliveries of 466,140 during the second quarter.
Analysts had estimated deliveries of 456,722 vehicles during the quarter.
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The company claimed that the decline on a sequential basis was a result of planned downtimes for factory upgrades, while the 2023 volume target of around 1.8 million vehicles is still “unchanged.”
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