Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced production halts, sending its shares down 2.4% in early trading.

Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced production halts, sending its shares down 2.4% in early trading.

The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, down nearly 7% from the preceding quarter, but said its target to deliver 1.8 million vehicles this year remained unchanged.

An LSEG poll of eight analysts estimated deliveries of 459,949 vehicles, with the lowest at 442,000 and the highest at 511,405.

The electric vehicle market has seen a slowdown in the United States, although there are signs of growth, Canalys Research said in its report.

“While Tesla remains a dominant force in the US EV market for 2023, there is an increasing demand for a wider range of EV options to satisfy the growing consumer interest in electric vehicles,” said Ashwin Amberkar, analyst at the market research firm.

The world’s most valuable automaker produced 430,488 vehicles in the third quarter, compared with 479,700 in the second quarter and 365,923 a year earlier.

  • GlitzyArmrest@lemmy.worldEnglish
    114·
    1 year ago

    Oh no, downvotes! Those are surely much worse than a very expensive car that is super unreliable and has panel gaps from the factory line.

    You’re totally right, it’s gotta be a circlejerk. Even review websites like Consumer Reports are joining in on the circlejerk. It can’t be that the product is bad or anything like that, they must just hate Tesla to hate Tesla!

    • Veltoss@lemmy.world
      15·
      1 year ago

      Bud come on. You can’t type comments like this and pretend half this shit isn’t in bad faith.

      You people don’t all come out of the wood work when other car companies have problems. There were a couple of massive recalls over the last couple days and most people don’t even know about them because they aren’t about teslas.

      If they were about teslas they’d be plastered over the front page of every social media site for weeks, and you know it.

      • GlitzyArmrest@lemmy.worldEnglish
        41·
        1 year ago

        Ah, but I see that you’re the one arguing in bad faith here, as evidenced by you continuing to put everyone into tribes:

        You people

        Anyway… I’ll continue to argue with you for now, even though it’s clear you’re angry that people don’t like Tesla, for what ever reason that may be.

        There were a couple massive recalls over the last few days and most people don’t even know about them

        This is incorrect. Those recalls are currently top weekly posts on multiple Lemmy communities. People clearly know about them.