Electric Vehicle Stocks Decline with Tesla (TSLA) Dropping Over 5.7% Due to Disappointing Deliveries

On Wednesday, most electric vehicle stocks declined. Tesla (TSLA, Financial) fell over 5.7%, closing at $243.1. The company's third-quarter vehicle deliveries did not meet expectations because incentives and low-cost financing failed to boost demand for its older models in a competitive market. Tesla delivered 462,890 vehicles in the three months ending September 30, marking a 6.4% increase from the previous quarter.Other electric vehicle manufacturers saw mixed results. Nio (NIO) dropped over 2%, XPeng (XP ...