The third-quarter figures put Tesla at risk of its first-ever decline in annual deliveries
handed over fewer vehicles than analysts expected in the third quarter as stiff competition in China and Europe hit demand for its aging models, putting the electric-vehicle maker at risk of its first-ever decline in annual deliveries.
Tesla said deliveries rose 6.4 per cent in the July-September period to 462,890 vehicles, marking its first quarter of growth this year. But the figure fell short of estimates of 469,828, according to 12 analysts polled by LSEG The report comes ahead of a closely watched event on Oct. 10 in Los Angeles where Tesla is expected to unveil its robotaxi product in a bid to shift its strategy to AI-powered autonomous technologies.
Still, some analysts said that a return to growth marked a positive sign for Tesla and showed that some of the incentives it had rolled out to boost demand were working.
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