{"id":196999,"date":"2023-10-02T10:15:00","date_gmt":"2023-10-02T14:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=196999"},"modified":"2023-10-02T11:32:59","modified_gmt":"2023-10-02T15:32:59","slug":"tesla-slides-on-q3-deliveries-what-the-numbers-mean-for-ev-stock","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/tesla-slides-on-q3-deliveries-what-the-numbers-mean-for-ev-stock\/","title":{"rendered":"Tesla Slides On Q3 Deliveries: What The Numbers Mean For EV Stock"},"content":{"rendered":"\n<p><strong>Tesla&nbsp;Inc<\/strong>&nbsp;shares are trading&nbsp;lower on Monday.&nbsp;The EV company reported third-quarter production and delivery&nbsp;<a href=\"https:\/\/www.benzinga.com\/pressreleases\/23\/10\/b35030966\/tesla-vehicle-production-deliveries-and-date-for-financial-results-webcast-for-third-quarter-2023\" target=\"_blank\" rel=\"noreferrer noopener\">numbers before the market open<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-happened\"><strong>What Happened:<\/strong>&nbsp;<\/h2>\n\n\n\n<p>Tesla said it produced 430,488&nbsp;vehicles in the third&nbsp;quarter, down&nbsp;from 479,700&nbsp;in the second&nbsp;quarter. The EV maker delivered 435,059&nbsp;vehicles in the quarter, down&nbsp;from 466,140&nbsp;in the previous quarter.&nbsp;<\/p>\n\n\n\n<p>Tesla produced 416,800&nbsp;Model 3 and Model Y vehicles and 13,688&nbsp;Model S and Model X vehicles. The company delivered 419,074&nbsp;Model 3 and Ys and delivered 15,985&nbsp;Model S and X vehicles.<\/p>\n\n\n\n<p>Tesla said its&nbsp;lower production numbers were a result of&nbsp;planned downtimes for factory upgrades. The company noted that its 2023 volume target of around 1.8 million vehicles remains unchanged.&nbsp;<\/p>\n\n\n\n<p>Tesla also announced that it will report&nbsp;<a href=\"https:\/\/www.benzinga.com\/calendars\/earnings\" target=\"_blank\" rel=\"noreferrer noopener\">third-quarter financial results<\/a>&nbsp;after the market close on&nbsp;Oct. 18. The EV company is expected to report quarterly earnings of 80&nbsp;cents per share on revenue of $24.79&nbsp;billion, according to estimates from&nbsp;<a href=\"https:\/\/benzinga.grsm.io\/gxjhpowx7zks\" target=\"_blank\" rel=\"noreferrer noopener\">Benzinga Pro<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tsla-price-action\"><strong>TSLA Price Action:&nbsp;<\/strong><\/h2>\n\n\n\n<p>Tesla has a 52-week high of $299.29 and a 52-week low of $101.81.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.benzinga.com\/quote\/TSLA\" target=\"_blank\" rel=\"noreferrer noopener\">Tesla shares<\/a>&nbsp;were&nbsp;down 3.38% at $241.77&nbsp;at the time of publication, according to&nbsp;<a href=\"https:\/\/benzinga.grsm.io\/gxjhpowx7zks\" target=\"_blank\" rel=\"noreferrer noopener\">Benzinga Pro<\/a>.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted October 2, 2023 &#8211; <a href=\"https:\/\/www.benzinga.com\/news\/23\/10\/35031133\/tesla-stock-slides-on-q3-deliveries-what-the-numbers-mean-for-ev-stock\">Tesla Slides On Q3 Deliveries: What The Numbers Mean For EV Stock<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla Inc shares are trading lower on Monday. The EV company reported third-quarter production and delivery numbers before the market open.<\/p>\n","protected":false},"author":810,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[2015,4499,161],"contributors-categories":[13584],"class_list":{"0":"post-196999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-ev","13":"tag-q3","14":"tag-tesla","15":"contributors-categories-benzinga"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tesla Slides On Q3 Deliveries: What The Numbers Mean For EV Stock<\/title>\n<meta name=\"description\" content=\"Tesla Inc shares are trading lower on Monday. The EV company reported third-quarter production and delivery numbers before the market open.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/196999\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla Slides On Q3 Deliveries: What The Numbers Mean For EV Stock | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Tesla Inc shares are trading lower on Monday. 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