Tesla Stock Falls 3%: Q3 Deliveries Miss Target

Tesla's Recent Stock Performance

Tesla's stock experienced a significant drop of 3% following the announcement of their third quarter delivery figures. The electric vehicle (EV) manufacturer revealed that they delivered 462,890 vehicles in the three months ending September 30. While this represents a 6.4% increase compared to the previous quarter, it slightly missed Wall Street's expectations of 463,897. Despite this miss, the figures mark the first quarter of delivery growth in 2023, surpassing the 435,059 vehicles delivered during the same period last year.