Tesla’s recovery hits a speed bump
Tesla sold fewer vehicles in the third quarter than it did a year ago, when consumers rushed to cash in on expiring federal tax credits for electric vehicle purchases. As a result, the company's third-quarter delivery and production report, released today, represents a speed bump on Tesla's road to recovery. Tesla said that it produced a...
Key Takeaways
- Tesla sold fewer vehicles in the third quarter than it did a year ago, when consumers rushed to cash in on expiring federal tax credits for electric vehicle purchases.
- As a result, the company's third-quarter delivery and production report, released today, represents a speed bump on Tesla's road to recovery.
- Tesla said that it produced a total of 464,391 vehicles between July and September of this year, including 457,387 Model 3 and Model Y vehicles, as well as 7,004 "other vehicles" like the Cybertruck, Cybercab, and Tesla Semi.
Tesla sold fewer vehicles in the third quarter than it did a year ago, when consumers rushed to cash in on expiring federal tax credits for electric vehicle purchases. As a result, the company's third-quarter delivery and production report, released today, represents a speed bump on Tesla's road to recovery. Tesla said that it produced a total of 464,391 vehicles between July and September of this year, including 457,387 Model 3 and Model Y vehicles, as well as 7,004 "other vehicles" like the Cybertruck, Cybercab, and Tesla Semi. (The company discontinued the Model S and X earlier this year.) That represents about a 3.8 percent increase com … Read the full story at The Verge.
Original Publisher Attribution
This summary was curated from The Verge.