The Electric Vehicle (EV) industry leader Tesla, Inc. (TSLA) missed estimates for its third-quarter vehicle deliveries, as production halts were caused by factory upgrades to produce its Model 3 mass-market sedan.
The company, which is aggressively cutting prices to fend off competition, handed over 435,059 vehicles in the quarter ended September 30, down about 7% from the prior quarter, while an LSEG poll of analysts estimated deliveries of 459,949 vehicles.
