(Boursier.com) — You’re here is now dropping nearly 3% before market on Wall Street, while Elon Musk’s group, electric vehicle giant, has just published relatively disappointing production and delivery figures for the third quarter. During the quarter, Tesla produced 430,488 units, including 13,688 Model S and quarterly unit figures therefore reached a record, growing by more than 26% year-on-year, but were lower than many brokers’ estimates. The consensus was close to 454,000 units.
Sequentially, compared to the second quarter, deliveries fell by almost 7%. In the second quarter, the group had produced nearly 480,000 vehicles and delivered more than 466,000.
You’re here also clarifies that a sequential decline in volumes was caused by planned downtime for factory upgrades, as noted during the last earnings conference call. “Our volume target for 2023 of around 1.8 million vehicles remains unchanged,” adds the manufacturer.
The Texan group will publish its detailed financial results for the third fiscal quarter of 2023 after the close of markets on Wednesday, October 18.
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