Tesla’s Puzzling Plunge: Record Deliveries Fail to Impress Investors

Tesla shares experienced a surprising downturn despite the company reporting unprecedented delivery figures for the third quarter. The electric vehicle manufacturer’s stock declined more than 3% even as it announced it had shipped nearly half a million vehicles—a historic achievement that fell short of investor expectations. This contradictory market response highlights deeper concerns about the company’s future trajectory.

The automaker significantly surpassed analyst projections during the July-September period, manufacturing over 447,000 vehicles and delivering more than 497,000 units. Market experts had anticipated numbers between 440,000 and 456,000 vehicles. The surge was primarily driven by customers rushing to secure the $7,500 federal electric vehicle tax credit before its scheduled expiration at the end of September.

Rather than celebrating these record-breaking statistics, investors responded... Read more...