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Tesla Misses Q3 Delivery Estimates, Cuts Prices Up to 21% While Holding to Full-Year Target

  • Tesla missed market estimates for Q3 deliveries, delivering 435,059 vehicles vs expected 459,949. Shares fell 2.4%.

  • Tesla production also fell in Q3, with 430,488 vehicles produced vs 479,700 in Q2.

  • Tesla cut prices on Models S, X, 3, and Y by up to 21% during Q3 in main markets like China and U.S.

  • Some analysts believe factory upgrades could boost Q4 deliveries as updated models launch.

  • Tesla says its full-year target to deliver 1.8 million vehicles in 2022 remains unchanged despite the Q3 miss.

reuters.com
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