Tesla’s electric vehicle deliveries fall short of lowered expectations

News Snapshot:

The number of new vehicles Tesla delivered in the latest quarter fell short even of Wall Street’s reduced expectations, as planned factory shutdowns crimped production and demand for electric vehicles sagged in the face of high-interest rates. The US electric carmaker said on Monday that it had delivered 435,059 vehicles in the third quarter, below the 440,000-455,000 that most analysts had been expecting. The figure was 27 per cent up on the same period the previous year, although deliveries fell back more than 31,000 from the second quarter of 2023. Tesla said the decline from the preceding quarter “was caused...