NewsBreak: Tesla Slides Sharply After Q3 Deliveries Fall Short

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© Reuters. © Reuters. – 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:) 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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