The company's shares were set to open at a more than two-month low as Tesla said it was unable to secure enough transportation for vehicles made at a reasonable cost during the peak time.
"Third-quarter volume figures probably aren't good enough to lure in fresh buyers of the shares, especially when global financial markets are volatile and transfixed by the twin challenges of inflation and rising interest rates," said AJ Bell analyst Russ Mould. Tesla, which sees a delivery spurt toward the end of each quarter, said more of its new vehicles were in transit by the end of the third quarter.
Musk, the world's richest person, has set a target to grow deliveries by 50% annually, implying Tesla would have to deliver more than 450,000 vehicles in the fourth quarter to meet its goal.
worse build 'cars* ever made waste of money
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