Tesla reports record quarterly deliveries, but Model 3 sales underwhelm bulls

By Tina Bellon and Akanksha Rana



a close up of a car: FILE PHOTO: The company logo is pictured on a Tesla Model X electric vehicle in Moscow


© Reuters/EVGENIA NOVOZHENINA
FILE PHOTO: The company logo is pictured on a Tesla Model X electric vehicle in Moscow


(Reuters) – Tesla Inc on Friday said it delivered 139,300 vehicles in the third quarter, a quarterly record for the electric carmaker, but shares fell 5.7% in pre-market trading.

The company slightly beat consensus estimates by Refinitiv for deliveries of 134,720 vehicles, but fell short of some of Wall Street’s most bullish forecasts, with analysts issuing a wide range of estimates.



a group of people sitting at a train station: FILE PHOTO: FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai


© Reuters/ALY SONG
FILE PHOTO: FILE PHOTO: Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai

While the broader market was down on Friday morning, Tesla shares were among the heaviest decliners.

Tesla delivered 124,100 Model Y and Model 3 units, slightly below Refinitiv consensus expectations of 128,000 Model 3 and Model Y vehicles combined. Some analysts

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