Business
Tesla’s Deliveries Missed the Mark. Why Analysts Aren’t Worried.
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Tesla
stock dropped on Monday after the electric-vehicle company disclosed delivery figures that fell short of Wall Street forecasts, but at least some analysts see reason for optimism.
On Sunday,
Tesla
(ticker: TSLA) reported that it delivered 343,830 cars and produced 365,923 in the third quarter. The deliveries were a jump compared with the 254,695 vehicles
Tesla
handed over to customers in the second quarter, but still below Wall Street estimates. The company said that deliveries have historically been skewed toward the end of each quarter, and that as “production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks.”
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