Business Maverick: Tesla deliveries miss estimates, slowed by logistic snarls

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Worldwide deliveries of Tesla missed forecasts in the third quarter and the company warned of challenges in getting its cars to customers, suggesting that supply-chain snarls remain a blight.

It delivered a record 343,830 cars worldwide in the third quarter. Analysts had expected that nearly 358,000 vehicles would be shipped, based on the average of estimates compiled by Bloomberg.

CEO Elon Musk said on Twitter he’s aiming for “steadier” deliveries in between quarters, adding that the customer experience suffers from an end-of-quarter rush. Tesla had said that its delivery count is conservative and that final numbers could vary by 0.5% or more. The company produced 365,923 vehicles for the quarter.

The carmaker doesn’t reveal sales by geography, but the US and China are its largest markets and the overwhelming number of sales were of the Model 3 sedan and Y crossover.

 

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What a crock of sh*t. Production is up. The undelivered cars are in transit. They will be delivered in Q4. $TSLA Tesla

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Business Maverick: Tesla deliveries miss estimates, slowed by logistic snarlsWorldwide deliveries of Tesla missed forecasts in the third quarter and the company warned of challenges in getting its cars to customers, suggesting that supply-chain snarls remain a blight. What a crock of sh*t. Production is up. The undelivered cars are in transit. They will be delivered in Q4. $TSLA Tesla
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