Tesla Motors misses delivery estimates, demand takes hit amid competition in China and European market - Tellbrief.com

Tesla Motors misses delivery estimates, demand takes hit amid competition in China and European market

Tesla said deliveries rose 6.4% in the July-September period to 462,890 vehicles, marking its first quarter of growth this year.

Tesla delivered 439,975 Model 3 and Model Y, and 22,915 units of other models, which include the Model S sedan, Cybertruck and Model X premium SUV. In July, BMW led the European battery electric vehicle market for the first time, beating Tesla, which has been losing market share to domestic firms, according to a report by JATO Dynamics.

Tesla's deliveries were also higher than those of rival BYD, which handed over 443,426 battery electric vehicles in the third quarter. That was partly due to the Chinese EV giant's focus on plug-in hybrid vehicles, whose deliveries jumped more than 75% in the latest quarter.

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