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NewsBreak: Tesla Slides Sharply After Q3 Deliveries Fall Short

Stock Markets Oct 02, 2019 04:43PM ET
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© 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%

NewsBreak: Tesla Slides Sharply After Q3 Deliveries Fall Short
 

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Comments (9)
eric lyon
eric lyon Oct 18, 2019 10:40PM ET
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My Tesla stock has gone up the last three weeks. This report must be from a fossil fuel industry sockpuppet.
eric lyon
eric lyon Oct 16, 2019 1:30PM ET
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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?
Adam Br
Adam Br Oct 02, 2019 9:27PM ET
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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!
Jesse Dow
Jesse Dow Oct 02, 2019 6:56PM ET
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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.
Alex Malmstrom
BrassTacks1 Oct 02, 2019 6:20PM ET
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Hardly a surprise.
Anthony Anthony
Anthony Anthony Oct 02, 2019 6:16PM ET
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hahaha!
Stephen Kotzin
Stephen Kotzin Oct 02, 2019 5:55PM ET
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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
William Riley
William Riley Oct 02, 2019 5:19PM ET
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Government money ran out
Eagle Gon
Eagle_PT Oct 02, 2019 5:19PM ET
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Tesla even without US subsidies in the US sells much more than others even with subsidies.. So where are the Tesla killers?
Bill Bob
Bill Bob Oct 02, 2019 5:02PM ET
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finally real value of this stock is $50 ford should be $200 not this ***
Orestis Palampougioukis
Orestis Palampougioukis Oct 02, 2019 5:02PM ET
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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.
Jedrek Zak
Jedrek Zak Oct 02, 2019 5:02PM ET
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Orestis Palampougioukis all the competition will keep this stock in check
 
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