Key Points
Oct 2 (Reuters) - Tesla (TSLA.O) missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced production halts, sending its shares down 2.4% in early trading...
The electric-vehicle maker handed over 435,059 vehicles in the three months to Sept. 30, down nearly 7% from the preceding quarter, but said its target to deliver 1.8 million vehicles this year remained unchanged...
"While Tesla remains a dominant force in the US EV market for 2023, there is an increasing demand for a wider range of EV options to satisfy the growing consumer interest in electric vehicles," said Ashwin Amberkar, analyst at the market research firm...
Some analysts believe the factory upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to refresh its line-up with models that could compete better with offerings from U.S. rivals such as Ford and BYD in China...
In the third quarter, Tesla cut prices of its premium Model S and Model X by 14-21% in main markets China and the United States...
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