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News in English (USA) / 02.10.2024 / 16:00

Tesla Reports Mixed Q3 Performance with Rising Deliveries and Stock Volatility

In the latest quarterly report, Tesla announced a total of 462,890 vehicle deliveries for the third quarter, marking a 6% increase compared to the previous quarter. This marks the first sales gain of the year for the electric vehicle maker, driven by a rebound in demand, particularly in China. Despite the positive delivery numbers, Tesla's stock experienced fluctuations, dipping 4% after falling short of Wall Street's highest expectations. Analysts noted that while the increase in deliveries is a sign of recovery, investor sentiment remains cautious amid concerns of supply chain issues and market competition.
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