Hyperdrive
Tesla Deliveries Slide as Factory Downtime Slows Production
- Shifting facilities toward new Model 3, Cybertruck production
- Will need to pick up pace to reach goal of 1.8 million in 2023
Tesla has been slashing prices of its models all year.
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
Tesla Inc. shipped 435,059 cars globally in the third quarter, as factory downtime led to its first quarterly delivery decline in more than a year.
The results, posted Monday, missed expectations. Several Wall Street analysts had slashed their delivery estimates in recent days, and the consensus compiled by Bloomberg fell to 456,722 as of Friday. Tesla delivered 466,140 cars in the second quarter.