Salem Radio Network News Thursday, December 7, 2023


Tesla 3Q sales rise 27% but fall short of expectations


( ) -q-30- UNDATED (Correspondent Jeremy House) “April-to-June period.”

Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections.

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TAG: Correspondent Jeremy House reporting. As usual, Tesla’s sales consisted primarily of its Model 3 and Model Y vehicles, which have been made even more attractive by rounds of price cutting that have eaten into the company’s profit margins.

VERBATIM: The Austin, Texas, automaker sold 435,059 vehicles during the July-to-September period. That’s up from 343,830 at the same time last year. According to FactSet Research, analysts had predicted Tesla would sell about 461,000 vehicles during the latest quarter. The third-quarter sales also marked a step back from Tesla’s 466,140 vehicle deliveries during the April-to-June period.

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Steve Breen
Sat, Dec 2, 2023