Tesla 3Q sales rise 27% but fall short of expectations due to softening demand and factory downtime

Tesla’s summertime deliveries of electric vehicles surged 27% from last year but still fell below analyst projections as Elon Musk’s car company navigated through softening customer demand as well as factory upgrades. The Austin, Texas, automaker sold 435,059 vehicles during the July-to-September period, up from 343,830 at the same time last year.