Tesla Slumps as Deliveries Disappoint

• 3 min read
Tesla Slumps as Deliveries Disappoint

MARKET MOVERS

  • Tesla deliveries set a record but the stock is falling. Tesla on Sunday said it had delivered 343,830 vehicles to customers in the three-month period ended in September, up from about 255,000 in the prior quarter that was dented by a temporary shutdown of its factory in China. The figure was short of Wall Street’s forecasts and leaves the company requiring a further increase in the final three months of 2022 to meet annual growth objectives.

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