Tesla proudly announced its new delivery record. Despite the buying boom, market expectations have not been met. A total of 97,000 cars were sold to customers in the third quarter. Although the company has a record value, the shares of the American company fell by seven percent on Thursday. This gives enough reason for shareholders to be concerned.<\/p>\n
Shortly before, CEO Elon Musk said: “We have a chance to reach our first quarter with 100,000 deliveries. Experts also analyzed a better result as what is presented. Contrary to Musk’s confidence, sales increased by only two percent. A new record for Tesla, but not the expectations of the CEO.<\/p>\n
The majority of the 79,600 cars were taken over by “Model 3”. The less expensive model is still very much in demand, while the more expensive models such as “Model S” or “Model X” are less considered by the consumers. If the profitable models continue to be disregarded by the consumer, shareholders will decide to drop out in the future.<\/p>\n
Despite the mild sales figures, Musk is targeting a total of 360,000 to 400,000 cars in 2019. So that the CEO could reach this level, he would have to report significantly higher figures in the last quarter. Even if the figures increase, investors are not expecting to make much profit. The reason for this is that “Model 3” is largely responsible for the high sales figures but does not appear to be very profitable for the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
Investors are worried Tesla proudly announced its new delivery record. Despite the buying boom, market expectations have not been met. A total of 97,000 cars were sold to customers in the third quarter. Although the company has a record value, the shares of the American company fell by seven percent on Thursday. This gives enough<\/p>\n","protected":false},"author":2,"featured_media":2303,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":{"0":"post-2302","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-supply-chain"},"yoast_head":"\n