TSLA Reports Q3 Sales Growth, But Falls Short of Investor Expectations

Core Viewpoint - Tesla reported its first quarterly sales growth of the year, delivering 462,890 vehicles in Q3, a 6.4% year-over-year increase, but fell short of analysts' expectations [1][2] Group 1: Sales Performance - Tesla's Q3 deliveries marked an end to a slump, following declines in vehicle sales in the first two quarters of the year [2] - The company experienced a temporary stock decline of 6.4% in the New York market after the report, despite a previous surge of 35% over the eight weeks leading up to the report [1] Group 2: Future Outlook - Tesla plans to commence production of more affordable models by the first half of 2025, despite cautioning about a potential slowdown in growth for this year [2] - Anticipation is building for Elon Musk's upcoming autonomous vehicle prototype presentation, which he has described as historic [1]