Tesla Fails To Meet Analyst Quarter Expectations But WorldWide EV Sales Expected to Grow
Elon Musk’s Tesla (TSLA) reported this week that their deliveries totaled 29,980 vehicles in the quarter. The deliveries included 8,180 Model 3 sedans, 11,730 Model S luxury sedans and 10,070 Model X SUVs.
FactSet polled a number of analysts and they confirmed that 38,000 vehicles were expected to be delivered by Tesla in the quarter & that 12,300 were to be Model 3 sedans.
Tesla had less than $1 billion at the end of Q3, less than the companies stated minimum comfort level. With this understanding many believe that Tesla may be seeking a raise in the near term.
Regardless, of the quarter by quarter expectations of Tesla and its funding issues, it is still exciting to see the growth and the adoption of electric powered viehicles overall worldwide and in the US. Note that UBS forecasts “in 2025, a massive 16.5 million electric vehicles will be sold – equal to almost one in every six new cars sold.”
Shares of TSLA are currently trading at $304.80 up +$17.86 or +6.22% today.
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