Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced production halts, sending its shares down 2.4% in early trading.

Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced production halts, sending its shares down 2.4% in early trading.

The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, down nearly 7% from the preceding quarter, but said its target to deliver 1.8 million vehicles this year remained unchanged.

An LSEG poll of eight analysts estimated deliveries of 459,949 vehicles, with the lowest at 442,000 and the highest at 511,405.

The electric vehicle market has seen a slowdown in the United States, although there are signs of growth, Canalys Research said in its report.

“While Tesla remains a dominant force in the US EV market for 2023, there is an increasing demand for a wider range of EV options to satisfy the growing consumer interest in electric vehicles,” said Ashwin Amberkar, analyst at the market research firm.

The world’s most valuable automaker produced 430,488 vehicles in the third quarter, compared with 479,700 in the second quarter and 365,923 a year earlier.

  • fosforus@sopuli.xyz
    718·
    1 year ago

    I’m not a fan of Musk’s shenanigans, but Teslas are damned fine cars. I’m not yet seeing any indications that the traditional car makers are really catching up.

    • BerryB1ue@lemmy.dbzer0.com
      192·
      1 year ago

      You are joking, surely? Their QA is terrible. Numerous documented cases of steering wheels coming off, loose trimmings inside the car or them just catching fire. Buying a tesla in 2023 is falling for marketing hype, especially considering all the alternatives from other manufacturers.

      • fosforus@sopuli.xyz
        213·
        1 year ago

        Perhaps I’m lucky. The Y I have is great. Are you all just on an anti-Musk rampage and not really interested in the truth here at all?

    • dustyData@lemmy.worldEnglish
      7·
      1 year ago

      Any Chinese EV kicks the Teslas in build quality. And the Swedish Polestars are luxury EVs on the same price bracket. Tesla is trash.

      • fosforus@sopuli.xyz
        05·
        1 year ago

        Any Chinese EV kicks the Teslas in build quality.

        Thanks for the laugh :)

        Polestars are ok, though, but they haven’t quite caught up with Teslas yet. The new Hyundais are actually better than Polestars, why didn’t you bring them up? Is it because they’re not made in China?

    • Lemmylaugh@lemmy.mlEnglish
      31·
      1 year ago

      model x and s are but the 3 and y are just cheap boxes with a rectangular screen

      • SatanicNotMessianic@lemmy.ml
        3·
        1 year ago

        The X and S are also crap quality when compared to luxury cars in their price range. The build quality on a $80k+ Audi, BMW, or Mercedes is much higher than what you’ll get in a Tesla, and they don’t have those goofball gull wing doors that Elon insisted on and that are trash.

        I was never a fan of Elon, but what turned me off from Tesla five years ago was build quality issues, not the fact that he’s a horrible person. That, and the more I learned about the company and its engineering and manufacturing, the less I trusted what they were shipping. You can learn a lot just talking to people in bars in Silicon Valley.

      • fosforus@sopuli.xyz
        42·
        1 year ago

        Cannot say that I’ve noticed any cheapness in the model Y I got. But perhaps I’m used to lower standards for my cars than everyone else.