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Stock Track | Tesla Shares Plunge 5% as Q3 Deliveries Miss Estimates Amid Stiff EV Competition
Tesla Inc.'s stock plummeted 5% on Monday, October 2nd, as the electric vehicle pioneer reported third-quarter deliveries that fell short of analysts' expectations, raising concerns about the company's ability to sustain growth in the face of mounting competition.The Elon Musk-led company delivered 462,890 vehicles in the July-September quarter, an increase of 6.4% year-over-year but missing the consensus estimate of 463,900 units. The disappointing delivery numbers, which are seen as a proxy fo
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