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NewsBreak: Tesla Slides Sharply After Q3 Deliveries Fall Short

Published 10/02/2019, 04:40 PM
Updated 10/02/2019, 04:43 PM
© Reuters.

Investing.com - Tesla delivered 97,000 electric vehicles in the third quarter, falling short of Wall Street estimates, sending the electric automaker's shares down postmarket.

  • Tesla (NASDAQ:TSLA) was expected to deliver 99,000 vehicles during the third quarter, including 80,200 Model 3s, according to data compiled by FactSet.

  • CEO Elon Musk stoked expectations last week when he said in an email to employees that the company “has a shot” at delivering a record 100,000 cars.

  • Tesla fell nearly 5% in after-hours trading, taking its losses for the year so far to about 40%

Latest comments

My Tesla stock has gone up the last three weeks. This report must be from a fossil fuel industry sockpuppet.
Another overhyped article about Tesla not meeting production goals. How about Norway, Sweden, Denmark and Germany on the regulatory path of phasing out all internal combustion engines? How will that affect the EV market?
They are just never going to cut Tesla a break. How about the very real fact that they have no rival and they absolutely have the full EV market share for probably the next 5 years. That is alot of time to sell cars!
So, the estimates were originally 95,000 and then revised to 99,000 this last week. Does that qualify as missing expectations when they change them at the last minute. oh and there down 3.5% for the day. Hardly a sharp slide.
Hardly a surprise.
hahaha!
I agree. The other manufacturers are catching up with their electric car roll outs. They also have the benefit of transitioning from petrol cars gradually to electric
Government money ran out
Tesla even without US subsidies in the US sells much more than others even with subsidies.. So where are the Tesla killers?
finally real value of this stock is $50 ford should be $200 not this ***
You are very shortsighted. Once the giga-factories start rolling Tesla will grow extremely quickly. Tesla has tremendous opportunity for growth. People who buy a lot of this stock now and hold for 20 years will be very rich.
all the competition will keep this stock in check
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