Tesla sold less than expected in the third quarter of the year

Tesla sold less than expected in the third quarter of the year

October 2, 2024 – 14:11

Between July and September, the electric car specialist sold 462,890 vehicles of the 469,796 it manufactured worldwide. Greater growth was expected. Its best-selling model was the “Model 3/Y”.

In the third quarter, Tesla sold less than the market expected in the third quarter of this year. The thing is that, although the company’s shares had suffered a 5% drop in the New York Stock Exchangea higher number in sales was expected.

Thus, between July and September, the electric car specialist sold 462,890 vehicles of the 469,796 it manufactured worldwide, of which 439,975 are of the model “Model 3/Y”. The analysts of wedbush They pointed out that it is a “good and well-oriented” figure, so “a higher number was expected”.

“We think China showed some strength last quarter, but it was offset by some weakness in the United States and Europe,” they summarized, adding: “Overall, it’s a clear improvement over the first half and we think the target of 1.8 million vehicles sold for the year is crucial for the market.

tesla

Tesla published its business results.

Tesla published its business results.

Reuters

Compared to the same quarter in 2023, the Austin company sold 27,890 more copiessince at that time it had delivered 435,000 cars.

In general terms, Electric car sales increased 12.2% and those of hybrid cars ford 38%. The latter company also published its sales this Wednesday, recording a growth of 0.7% in the third quarter, compared to last year. In total, it sold 504,039 units.

In addition, hybrids beat Ford vehicles equipped with combustion engines in terms of growth, as they fell 2.8% in the quarter. Likewise, its sales level continues to be vastly higher.

Source: Ambito

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