Tesla's stocks fell after failing to meet delivery expectations in the third quarter.

◻️Tesla's stocks fell 4% after failing to meet delivery expectations in its third-quarter 2024 report. The company delivered 462,890 vehicles while producing 469,769 vehicles.

◼️Analysts' expectations were 463,310 vehicles. In the same period last year, 435,059 vehicles were delivered. Increasing competitive pressure is also affecting Tesla.

◻️New-generation manufacturers such as Li Auto and Nio in China and established companies such as General Motors in the US are challenging Tesla. GM reported a 60% increase in electric vehicle sales in the third quarter of 2024.

✒️Ekotürk