Skip to content

TOPNews.MEDIA

The purpose of the website is to provide up-to-date global news and information on business, finance, economics, technology, and health.

Menu
  • HOME
  • NEWS
    • USA news
    • France
    • Asia regions
  • Technology
  • Finance
  • Health
  • CONTACT
Menu

Tesla deliveries fall as electric car maker upgrades its factories

Posted on 03.10.2023
Share on Social Media
x facebookwhatsapptelegram

Tesla deliveries fall as electric car maker upgrades its factories

By Daily Mail City & Finance Reporter

Updated: 22:01 BST, 2 October 2023

Tesla delivered fewer cars than expected in the third quarter of the year.

The electric-vehicle maker handed over 435,059 cars in the three months to the end of September – down nearly 7 per cent from the preceding quarter.

It was the first decline in deliveries in more than a year and came as Tesla closed factories to upgrade them to make new models.

However, the company said its target to deliver 1.8m vehicles this year remains the same. Wall Street analysts on average expected Tesla to deliver 454,100 vehicles. 

Slowdown: Tesla (led by Elon Musk, pictured) handed over 435,059 cars in the three months to the end of September – down nearly 7% rom the preceding quarter

Slowdown: Tesla (led by Elon Musk, pictured) handed over 435,059 cars in the three months to the end of September – down nearly 7% rom the preceding quarter

Some analysts believe factory upgrades could spark a rebound in deliveries in the fourth quarter.

Tesla has cut the price of many of its cars – particularly in the US and China – in a bid to boost sales.

A Tesla spokesman yesterday said: ‘A sequential decline in volumes was caused by planned downtimes for factory upgrades.

‘Our 2023 volume target of around 1.8m vehicles remains unchanged.’

Share or comment on this article:

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Source link

Share on Social Media
x facebookwhatsapptelegram

Recent Posts

  • Calls grow for gambling ad ban on London transport network
  • Today’s mortgage rates edge down for 15- and 30-year terms
  • YouTube Music Recap is no Spotify Wrapped, but it’s still pretty fun
  • Google adds Photomoji, profiles, and custom colors to RCS in Messages
  • Apple Music Replay 2023: How to get yours
  • This Year’s Windows Ugly Sweater is the Holiday Cheer I Needed
  • Winter Is Skillet Season. Here’s How to Season Your Cast-Iron Cookware
  • Evernote officially limits free users to 50 notes and one measly notebook
  • I highly suggest this 12-in-1 electric screwdriver, and you can get one for under $50
  • Activision drops Modern Warfare III/Warzone Season 1 details for December 6

Tags

Adobe Apple Apple Computer Apple Computer Inc. Apple Inc Apple TV App Store article_normal business news Content Types corporate Corporate/Industrial News dailymail Entertainment Factiva Filters Gizmodo Google iBook iMac i mac industrial news Intel ios 9 ios9 iPad iPhone iphone 6 iphone 6s iPod classic iPod nano iPod shuffle iPod touch iTunes MacBook Pro mac os x mac osx Mac Pro Magic Mouse Magic Pad Microsoft money Nvidia Samsung SYND Technology
©2023 TOPNews.MEDIA | Contact for publishind and adversting