NewsBreak: Tesla Slides Sharply After Q3 Deliveries Fall Short
Investing.com
Published Oct 02, 2019 04:40PM ET
Investing.com - Tesla delivered 97,000 electric vehicles in the third quarter, falling short of Wall Street estimates, sending the electric automaker's shares down postmarket.
- Tesla (NASDAQ:TSLA) was expected to deliver 99,000 vehicles during the third quarter, including 80,200 Model 3s, according to data compiled by FactSet.
- CEO Elon Musk stoked expectations last week when he said in an email to employees that the company “has a shot” at delivering a record 100,000 cars.
- Tesla fell nearly 5% in after-hours trading, taking its losses for the year so far to about 40%
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Written By: Investing.com
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