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Tesla misses estimates for quarterly deliveries; shares fall (www.reuters.com)

submitted 2 years ago by [email protected] to c/[email protected]

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Tesla reported a decrease in total deliveries for the third quarter of 2023 compared to the previous quarter, delivering 435,059 vehicles.
Despite the decline in deliveries, Tesla achieved a production of 430,488 vehicles, highlighting its manufacturing capabilities.
The decrease in deliveries and production was anticipated due to summer shutdowns for factory upgrades and price reductions on inventory vehicles and existing models.

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[–] [email protected] 7 points 2 years ago

How do price reductions lower the deliverables?

And if it was due to it being inventory stock shouldn't they have pumped up the numbers?

Everything I've heard from Tesla is they don't have stock they just constantly churn out cars because they have a waiting list, where is this inventory stock coming from?