Tesla Cuts Vehicle-Delivery Target

Elon Musk’s electric-vehicle maker reported $3.3 billion in third-quarter profit and its highest-ever quarterly revenue but missed analysts’ sales estimates. Tesla says it expects to finish the year just shy of its 2022 target of boosting vehicle deliveries by 50%. The company’s stock fell around 5% after hours.

Oct 20, 2022 - 10:50
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Tesla Cuts Vehicle-Delivery Target
Elon Musk’s electric-vehicle maker reported $3.3 billion in third-quarter profit and its highest-ever quarterly revenue but missed analysts’ sales estimates. Tesla says it expects to finish the year just shy of its 2022 target of boosting vehicle deliveries by 50%. The company’s stock fell around 5% after hours.

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