Tesla slides as logistic issues widen deliveries and production gap
Tesla Inc (US.TSLA) shares fell about 5% on Monday after the world's most valuable automaker sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles. The company's shares were set to open at a more than two-month low as Tesla said it was unable to secure enough transportation for vehicles made at a reasonable cost during the peak time. It produced a record 365,923 vehicles in the quarter and delivered a new high of 343,830 vehicles, compared to market expectation of 359,162.