⁍ Tesla’s vehicle registrations in the U.S. state of California dropped 13% in the third quarter compared with last year.
⁍ Third-quarter numbers lagged some 13% behind last year’s due to a large drop in Model 3 registrations.
⁍ Tesla, whose shares have surged more than five-fold this year, is expected to report third-quarter results after market close on Wednesday.
– It’s been a rough couple of weeks for Tesla. First, the company announced it would delay the launch of its mass-market Model 3 sedan until at least mid-November due to customer demand. Then, it announced it would delay the launch of its Model X SUV until at least the end of December due to customer demand. Now, the company is reporting that it delivered 139,300 vehicles in the third quarter—an all-time record—but that didn’t reassure investors, reports the Wall Street Journal. Tesla’s stock fell 4.4% in after-hours trading on Tuesday, reports Reuters. The company is expected to report third-quarter results on Wednesday.
Source: https://www.reuters.com/article/tesla-registrations/tesla-third-quarter-registrations-in-california-drop-13-data-idUSL4N2HA3Q0