Tesla Misses Delivery Estimates In Third Quarter

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.

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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