Tesla posted 486,532 deliveries in third quarter, beating Wall Street estimates
Analysts had expected around 461,100 deliveries, but the EV maker's total came in well above that figure
Tesla announced that it sold 486,532 vehicles in the third quarter, a figure that exceeded Wall Street's predictions. The sales beat analysts' expectations, which had predicted around 462,000 deliveries. The figures marked a 2% decrease year over year. Tesla's performance stood out as the US EV market contracted, with August sales down 47% year over year.
Despite this, Tesla has maintained its position in the market, with the Model Y contributing to its increased market share. The automaker's robotaxi fleet has been expanded to include the Cybercab, a robotaxi without pedals or a steering wheel, set to begin production soon. SpaceX's potential merger with Tesla has been speculated, as both companies continue to push the boundaries of innovation in their respective fields.
Written by urgent.news from Business Insider's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Tesla sales smash Wall Street's expectations businessinsider.com
- Wall Street opens higher as softer payrolls data, lower yields lift sentiment businesstimes.com.sg
