Tesla sales slow, missing Wall Street forecasts
The world’s largest electric car maker reported it delivered 435,000 vehicles in the period. That’s down 7% from the 466,000 deliveries in the second quarter. Analysts surveyed by FactSet Research had expected sales to come in at 461,000, just short of second quarter numbers.
Tesla said it should still be able to hit its target of full-year sales of 1.8 million vehicles, but to do so it would have to achieve about a 9% increase in sales in the final three months of the year compared to the just completed quarter.