Tesla 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.

Tesla 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.

An LSEG poll of eight analysts estimated deliveries of 459,949 vehicles, with the lowest at 442,000 and the highest at 511,405.

The electric vehicle market has seen a slowdown in the United States, although there are signs of growth, Canalys Research said in its report.

“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.

The world’s most valuable automaker produced 430,488 vehicles in the third quarter, compared with 479,700 in the second quarter and 365,923 a year earlier.

  • BerryB1ue@lemmy.dbzer0.com
    324·
    1 year ago

    You are joking, surely? Their QA is terrible. Numerous documented cases of steering wheels coming off, loose trimmings inside the car or them just catching fire. Buying a tesla in 2023 is falling for marketing hype, especially considering all the alternatives from other manufacturers.

    • fosforus@sopuli.xyz
      623·
      1 year ago

      Perhaps I’m lucky. The Y I have is great. Are you all just on an anti-Musk rampage and not really interested in the truth here at all?

      • GlitzyArmrest@lemmy.worldEnglish
        19·
        1 year ago

        Every Tesla I’ve had the ‘pleasure’ of either driving or being a passenger in had massive panel gaps and issues with the interior. Not to mention the last Model S I drove broke down after going through a canyon. I don’t dislike Tesla because of Musk, I dislike them because they have very poor QA for their price.

      • fuckwit_mcbumcrumble@lemmy.worldEnglish
        5·
        1 year ago

        When did you buy your model Y? Near it’s release, or relatively recently?

        My two of my co workers had some early model 3s and they were awful fit and finish, not to mention the general “cheap car with leather” feel. Modern ones (a friend has one) should be fine, but it shouldn’t take 5 years for QC issues to get under control. Hopefully the new 3 is like the new S and isn’t a nightmare on launch.

      • Lightor@lemmy.world
        1·
        1 year ago

        You’re justifying your stance based on your sole experience? Are you interested in the truth? Have you looked at all the issues Tesla has had?

      • Veltoss@lemmy.world
        519·
        1 year ago

        Don’t bother, everyone here just parrots the same circlejerks they saw on reddit and all the other social media. No one cares about actual owners opinions or facts or reality anymore, just the circlejerking.

          • Veltoss@lemmy.world
            39·
            1 year ago

            Completely ignoring that any owners that don’t “hate their purchase” get downvoted and insulted and any who do get blasted with upvotes instantly purely because it fits the circlejerk.

            • GlitzyArmrest@lemmy.worldEnglish
              103·
              1 year ago

              Oh no, downvotes! Those are surely much worse than a very expensive car that is super unreliable and has panel gaps from the factory line.

              You’re totally right, it’s gotta be a circlejerk. Even review websites like Consumer Reports are joining in on the circlejerk. It can’t be that the product is bad or anything like that, they must just hate Tesla to hate Tesla!

              • Veltoss@lemmy.world
                15·
                1 year ago

                Bud come on. You can’t type comments like this and pretend half this shit isn’t in bad faith.

                You people don’t all come out of the wood work when other car companies have problems. There were a couple of massive recalls over the last couple days and most people don’t even know about them because they aren’t about teslas.

                If they were about teslas they’d be plastered over the front page of every social media site for weeks, and you know it.

                • GlitzyArmrest@lemmy.worldEnglish
                  41·
                  1 year ago

                  Ah, but I see that you’re the one arguing in bad faith here, as evidenced by you continuing to put everyone into tribes:

                  You people

                  Anyway… I’ll continue to argue with you for now, even though it’s clear you’re angry that people don’t like Tesla, for what ever reason that may be.

                  There were a couple massive recalls over the last few days and most people don’t even know about them

                  This is incorrect. Those recalls are currently top weekly posts on multiple Lemmy communities. People clearly know about them.

            • Lightor@lemmy.world
              11·
              1 year ago

              Yes, because you liking your own car that doesn’t have issues doesn’t negate all the issues Tesla has. They have shit QA and build quality, literally spend 30 seconds on Google.

              The irony is you people think it has to do with Musk, the main reason you bought it, it doesn’t. The product is shit.

              • Veltoss@lemmy.world
                11·
                1 year ago

                Lot of bad faith here. Tons of people like their car. It’s absolutely a massive circlejerk. No one is claiming they’re perfect. There is a concept you should check out called “nuance” that social media is destroying, maybe consider giving it a shot.

                The last paragraph is just pure trolling garbage, not even going to bother.

                • Lightor@lemmy.world
                  11·
                  1 year ago

                  Lol, I’m operating in bad faith? That’s hilariously ironic.

                  Tons of people hate their Tesla too, at least pretend to be unbiased.

                  • Veltoss@lemmy.world
                    11·
                    1 year ago

                    I’m assuming at this point you’re just getting off on trolling, but I urge you to actually look up what a circlejerk is. Some people can not like a car and it still doesn’t look or present itself the way this circlejerk always does. The amount of goal post shifting, blatant misinformation, and lying that goes on in these discussions is insane but no one cares because… It’s a circlejerk.

        • DoomBot5@lemmy.worldEnglish
          111·
          1 year ago

          Owner here, what they’re saying is true (perhaps not the fire part, that’s really overblown). Those parroting Tesla as the height of car engineering are blowing smoke out their ass.