Tesla's summer deliveries of EVs surged 27% from last year but still fell below analyst projections due to softening customer demand and factory upgrades.
s during the July-to-September period, up from 343,830 at the same time last year. Analysts had predicted Tesla would sell about 461,000 vehicles during the latest quarter, according to FactSet Research.that have eaten into the company's profit margins. The third-quarter sales also marked a step back from Tesla's 466,140 vehicle deliveries during the April-to-June period.Tesla said it made 430,488 vehicles in the latest quarter, slightly below the number it delivered.
Analysts are anticipating Tesla will sell 1.84 million vehicles for the full year.to keep attracting buyers who now have a wider selection of electric vehicles as more automakers shift away from gasoline-powered cars andShares of Tesla rose slightly late Monday to $251.60. Despite the squeeze that already has occurred on Tesla's profits, the company's stock price has doubled so far this year.
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