Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Broadcom Shares Soar On 10-Gigawatt Chip Deal With OpenAI 

October 13, 2025

Zillow Rentals launches Listing Spotlight feature

October 13, 2025

Binance reserves just hit $42 billion, but Bitcoin may be flashing a warning!

October 13, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Monday, October 13
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Stock Market»Tesla stock drops 3% after Q3 deliveries fall short of estimates
Stock Market

Tesla stock drops 3% after Q3 deliveries fall short of estimates

October 2, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Tesla (TSLA) recently announced its third-quarter deliveries, which fell slightly below expectations, causing the stock to drop by about 3%. The electric vehicle maker reported delivering 462,890 vehicles in the three months ending Sept. 30, representing a 6.4% increase from the previous quarter and the first quarter of delivery growth this year. This figure also exceeded the 435,059 EVs delivered in the same period last year, although Wall Street had anticipated a closer number to 463,897, according to Bloomberg.

The majority of Tesla’s deliveries were attributed to the Model 3 and Model Y, which combined for 439,975 deliveries. Prior to the announcement, Tesla’s stock had been on an upward trend fueled by optimism surrounding its upcoming robotaxi event and positive news from China indicating rising sales.

However, concerns about a “notably lower” annual vehicle growth rate, as warned by Tesla earlier in the year, have been circulating among investors. The company is facing stiff competition in China from local automakers like BYD and Xpeng, leading to recent price cuts that have impacted profit margins.

Analysts are closely watching Tesla’s robotaxi event next week as a potential turning point for the company’s future, particularly in the realm of autonomous driving, full self-driving capabilities, and artificial intelligence. Wedbush analyst Dan Ives described the event as a pivotal moment for Tesla’s growth trajectory.

Tesla is set to report its third-quarter earnings on Oct. 23, and industry experts are eager to see how the company navigates its current challenges and capitalizes on future opportunities.

The article was originally written by Alexandra, a Senior Reporter at Yahoo Finance, and Pras Subramanian, a reporter for Yahoo Finance. Follow them on Twitter and Instagram for more updates.

For more stock market news and in-depth analysis, as well as the latest financial and business updates from Yahoo Finance, click here.

Deliveries Drops Estimates Fall Short Stock Tesla
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Zcash drops 10% after explosive rally – ZEC’s road ahead is unclear

October 9, 2025

Fall Backyard Upgrades | Redfin

October 8, 2025

Ethereum Open Interest Sees Sharpest Reset Since 2024 As Price Drops Below $4,000

September 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

San Francisco’s 50 Newest Listings: September 5, 2025

September 7, 20250 Views

Music Protocol Teams Up with RWA Inc. to Revolutionize Music Rights Investments

March 7, 20250 Views

Cache Wallet Partners with Aylab to Drive Secure and Scalable Web3 Growth

October 11, 20251 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Economic News

Broadcom Shares Soar On 10-Gigawatt Chip Deal With OpenAI 

October 13, 20250
Real Estate

Zillow Rentals launches Listing Spotlight feature

October 13, 20250
Crypto

Binance reserves just hit $42 billion, but Bitcoin may be flashing a warning!

October 13, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.