Tesla Inc.'s delivery volume in the third quarter was slightly higher than expected, but the company's stock price did not get a boost because market expectations were high before the report was released on Wednesday.

The company delivered 462,890 vehicles in the third quarter, slightly higher than the average analyst expectation of 462,000 tracked by FactSet. Model 3 and Model Y accounted for almost all of Tesla's total deliveries, with a combined delivery of 439,975 vehicles.

Ahead of the report's release, analysts were quite optimistic about Tesla's delivery outlook, contrasting with the more pessimistic views on demand from Wall Street in previous quarters. A Barclays analyst stated last week that investors may have already anticipated Tesla's delivery volume for the recent quarter to exceed expectations, with his own estimate of 470,000 vehicles also higher than Tesla's actual announced number.

As of Wednesday morning's release of delivery data, Tesla's stock price had risen more than 20% over the past month. The company's stock price fell by 3.49% on Wednesday.

Tesla's quarterly delivery report is a preview of actual performance, with financial reports set to be released on October 23rd.

Although delivery volume can be used as an indicator of demand, it does not reflect the entire financial situation. Investors are also highly focused on Tesla's profit margins, which will be revealed in the financial report. Recent reports from Tesla have shown pressure on profit margins, with deutsche bank analysts recently predicting that Tesla's profit margin trend for the remainder of the year may remain flat or even decrease.

Deutsche bank's analyst team indicated that import tariffs may impact delivery volumes in Europe and the USA, but the impact in the fourth quarter should be greater than in the third quarter. The increase in Cybertruck sales may also dilute overall performance. At the same time, greater delivery volumes may offset material, logistics, and factory efficiency.

On Wednesday, Tesla also disclosed production data, indicating a total production of 469,796 vehicles in the third quarter, compared to 410,831 vehicles produced in the second quarter.