Skip to content
Sign In Subscribe
Transportation — Electric Car

Tesla Reports 486,532 Deliveries As EV Market Faces Headwinds

Despite beating forecasts, Tesla’s deliveries were about 2% lower than the 497,099 vehicles delivered during the same quarter last year.

,   and  TIPP Staff
2 min read
Tesla reports 486,532 vehicle deliveries for third quarter, topping expectation. Pic via(@CNBC)

Tesla reported 486,532 vehicle deliveries in the third quarter, exceeding estimates from analysts and the company’s own consensus forecast. Street Account had projected about 461,100 deliveries, while Bloomberg analysts expected 463,761.

Despite beating forecasts, Tesla’s deliveries were about 2% lower than the 497,099 vehicles delivered during the same quarter last year.

Deliveries increased from 480,126 in the second quarter, even as the electric vehicle market faced challenges following the expiration of the $7,500 U.S. federal EV tax credit.

💡
Tesla’s delivery results come as its shares remain more than 20% below their level at the start of the year, with investors increasingly focused on the company’s robotics and artificial intelligence ambitions.

CEO Elon Musk is also pushing development of the Cybercab and Optimus humanoid robot. Tesla and SpaceX executives have discussed broader strategic possibilities, including a potential combination of the companies.

Related Tweet:

Also Read:

SpaceX Launches Four Astronauts On Fast-Track Mission To ISS
The crew includes NASA astronauts Jessica Watkins and Luke Delaney, Canadian astronaut Joshua Kutryk and Russian cosmonaut Sergey Teteryatnikov.
tippinsightsTIPP Staff

Comments

Related

Latest