Tesla Q3 Deliveries Beat but International Weakness Persists

24 days ago

Bloomberg's Christina Kino

"So ticker TSLA. Those shares actually pairing or reversing even some of those opening declines... Third quarter deliveries exceeding estimates. The theory is that that is the big rush before the expiry of federal tax credit for electric vehicles worth $7,500... Bloomberg intelligence weighing in saying that while the delivery beat was good news, it was primarily sales from the U.S. and internationally. And the European market is still weak. Meanwhile, China sales still flat."

Tesla (TSLA) reported Q3 delivery numbers that exceeded estimates, driven largely by U.S. sales ahead of the expiration of a federal EV tax credit. However, caution is warranted as sales in Europe remain weak and China sales are flat, suggesting mixed international performance.

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