Tesla 'Clearly Missed Street Estimates': Analysts Weigh In On Q3 EV Deliveries
Portfolio Pulse from AJ Fabino
Tesla Inc (NASDAQ:TSLA) reported lower-than-expected vehicle production and delivery numbers for Q3, causing its shares to initially drop by over 2%. The company produced 430,488 vehicles, down from 479,700 in Q2, and delivered 435,059 vehicles, down from 466,140 in Q2. Despite this, Tesla maintains its full-year 2023 volume target of around 1.8 million vehicles. Analysts believe the lower numbers are due to planned factory downtimes and expect better performance in Q4.
October 02, 2023 | 3:54 pm
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Tesla's lower-than-expected Q3 production and delivery numbers caused a temporary drop in its share price. However, the company's full-year 2023 volume target remains unchanged, indicating potential for recovery.
Tesla's Q3 production and delivery numbers were lower than expected, causing a temporary drop in its share price. However, the company's unchanged full-year 2023 volume target indicates that it expects to recover from this setback. This news is highly relevant to Tesla and important for investors to consider.
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IMPORTANCE 80
RELEVANCE 100