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TSLA
Business Insider
48 days

Tesla's delivery numbers are out — and they're just as bad as Wall Street predicted

1. Tesla delivered 384,000 EVs, missing estimates of 389,400 vehicles. 2. This marks a 13.5% drop year-over-year, the biggest quarterly decline ever. 3. Tesla's stock rose 5% after the announcement despite ongoing sales challenges. 4. Sales decreased 18% in China and 45.2% in Europe this year. 5. Musk's political actions may impact Tesla's brand and sales perception.

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FAQ

Why Bearish?

The significant delivery drop and missed estimates indicate ongoing struggles. Historically, similar quarterly declines have led to stock price drops.

How important is it?

The article directly discusses Tesla's deliveries, a key indicator for its stock performance.

Why Short Term?

Immediate sales slumps affect short-term investor sentiment and stock performance. Recovery could take longer depending on market response.

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