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Tesla Stock Plunges 3% Despite Q3 Deliveries Exceeding Consensus And Growing Year-Over-Year

Benzinga ·  Oct 2 21:21

After two straight quarters of year-over-year sales drop,Tesla, Inc.(NASDAQ:TSLA) finally found the mojo back as the electric-vehicle maker's third-quarter deliveries pushed past the consensus forecast. Notwithstanding the beat, the EV maker's shares fell over 3.5% in premarket trading.

The negative stock reaction may have to do with the metric coming in below whisper numbers and the company selling less than what it produced. Investors may also worry about best-selling Model Y/3 sales coming in slightly shy of expectations.

The Key Numbers: Tesla's third-quarter deliveries increased both year-over-year...

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