Tesla’s quarterly electric vehicle deliveries miss estimates

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Tesla’s quarterly electric vehicle deliveries miss estimates
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Tesla delivers 343,830 electric vehicles in the third quarter, while analysts on average had expected 359,162, according to Refinitiv

on Sunday announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries.

“Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars,” Tesla said in a statement. “As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks.”

Tesla set an ambitious target to produce almost 495,000 Model Y and Model 3s in the fourth quarter of this year, internal plans reviewed by Reuters show.

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