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BLOOMBERG
Tesla 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 missed expectations. Several Wall Street analysts had slashed their delivery estimates in recent days, and the consensus compiled by Bloomberg fell to 456,722. Tesla delivered 466,140 cars in the second quarter.
The electric-vehicle maker signalled it would deliver fewer cars in the period as it prepared its factories to make a refreshed Model 3 sedan and the yet-to-be-released Cybertruck. The company has now delivered more than 1.3 million cars globally this year and will have to pick up the pace in the fourth quarter with deliveries of more than 475,000 units to meet its guidance for the year, which it reaffirmed in a release.