Elon Musk couldn't pull a rabbit out of a hat after all. Third-quarter vehicle sales at Tesla fell well short of expectations, with the carmaker suffering its first quarter-on-quarter decline since production of the Model Y started in January 2020.
Deliveries dropped to just over 435,000 in the three months through September, down 6.7% compared to the period preceding it. The carmaker blamed the sequential decline on the upgrades to its manufacturing plants Musk flagged during the second-quarter earnings call.
