{"id":1669688,"date":"2022-10-03T08:53:53","date_gmt":"2022-10-03T12:53:53","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1669688"},"modified":"2022-10-03T08:54:28","modified_gmt":"2022-10-03T12:54:28","slug":"tesla-slides-as-logistic-issues-widen-deliveries-and-production-gap","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tesla-slides-as-logistic-issues-widen-deliveries-and-production-gap\/","title":{"rendered":"Tesla slides as logistic issues widen deliveries and production gap"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftesla-slides-as-logistic-issues-widen-deliveries-and-production-gap%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1669688&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) \u2013     Tesla Inc shares fell about 5% on Monday after the world\u2019s most valuable automaker sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. <\/p>\n<p>The company\u2019s shares were set to open at a more than two-month low as Tesla said it was unable to secure enough transportation for vehicles made at a reasonable cost during the peak time.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>It produced a record 365,923 vehicles in the quarter and delivered a new high of 343,830 vehicles, compared to market expectation of 359,162.<\/p>\n<p>\u201cThird-quarter volume figures probably aren\u2019t good enough to lure in fresh buyers of the shares, especially when global financial markets are volatile and transfixed by the twin challenges of inflation and rising interest rates,\u201d said AJ Bell analyst Russ Mould.<\/p>\n<p>Also, an unusual gap of more than 22,000 units between production and deliveries spooked investors even though Chief Executive Elon Musk vouched \u201csteadier deliveries\u201d in the current quarter to reduce last-minute rush.<\/p>\n<p>Tesla, which sees a delivery spurt toward the end of each quarter, said more of its new vehicles were in transit by the end of the third quarter.<\/p>\n<p>\u201cWhile Tesla continues to point to supply constraints as limiting deliveries, the potential for demand destruction looms large,\u201d JP Morgan analyst Ryan Brinkman said, citing price rise, higher borrowing costs and a likely slowdown in economic activity.<\/p>\n<p>Musk, the world\u2019s richest person, has set a target to grow deliveries by 50% annually, implying Tesla would have to deliver more than 450,000 vehicles in the fourth quarter to meet its goal.<\/p>\n<p>Reuters exclusively reported on Friday that electric vehicle-maker has set an ambitious target to produce almost 495,000 Model Y and Model 3 in the fourth quarter.<\/p>\n<p>Separately, Musk unveiled a prototype humanoid \u201cOptimus\u201d predicting the company would make millions and sell them for under $20,000.<\/p>\n<p> (Reporting by Akash Sriram and Savyata Mishra in Bengaluru; Editing by Arun Koyyur)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/tesla-slides-as-logistic\/attachment\/file-photo-the-tesla-factory-is-seen-in-fremont-3\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI920KL-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI920KL-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 Tesla Inc shares fell about 5% on Monday after the world\u2019s most valuable automaker sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due<\/p>\n","protected":false},"author":66,"featured_media":1889444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1669688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/tesla-slides-as-logistic\/?utm_source=rss&utm_medium=rss&utm_campaign=tesla-slides-as-logistic","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1669688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1669688"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1669688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889444"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1669688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1669688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1669688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}