Tesla Q3 Deliveries Beat Estimates
Tesla reported third-quarter vehicle deliveries that exceeded Wall Street forecasts driven by a strong recovery in Europe. The solid sales figures put the automaker back on track for full-year growth following two consecutive years of declining sales.
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TESLA INC delivered 486,532 vehicles in the third quarter, beating Wall Street estimates of 456,896 vehicles and setting up the automaker for its first full-year delivery growth in two years. Shares rose over 5% in Friday morning trading. The rebound in core vehicle sales comes as CEO Elon Musk pushes deeper into artificial intelligence and robotaxis to support the company's roughly $1.40 trillion valuation.
