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10/3/19

Tesla focusing on growth, but deliveries fall short of expectations

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Total deliveries came in at a record 97,000 units for the quarter, but was below analysts' estimates of 97,477 vehicles, according to IBES data from Refinitiv. The company, led by billionaire Elon Musk, is under pressure to ramp up production, while proving that there is sustainable demand for its vehicles and that it can turn a profit, even as traditional luxury car makers begin to roll out their own electric models. Deliveries of the two high-priced models fell 1.4% to 17,400 from the second

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Tesla focusing on growth, but deliveries fall short of expectations originally appeared on Autoblog on Thu, 3 Oct 2019 08:23:00 EDT. Please see our terms for use of feeds.

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