Shulou(Shulou.com)11/24 Report--

Tesla shares closed down 8.6% on Monday, the biggest one-day drop in four months, according to the news on October 4. Earlier, the company's third-quarter car deliveries were lower than Wall Street expected because of logistics obstacles, and the slowing economic growth outlook also raised doubts about its car demand.

The collapse wiped more than $71bn off Tesla's market value and dragged down the share prices of other electric carmakers.

Although Tesla delivered another record in the third quarter, it failed to meet market expectations, and the gap between production and delivery data is widening because it is difficult for the company to obtain sufficient capacity at a reasonable cost during peak hours.

In addition to the lack of delivery, investors and analysts are also worried about Tesla's demand because of rising car prices, rising borrowing costs and bleak prospects for global economic growth.

Ryan Brinkman, analyst at JPMorgan Chase, said: "while Tesla pointed out that supply constraints are an important factor limiting delivery, there is also a strong possibility that demand will decline."

Analysts warn that demand for cars could run out of steam in the coming quarters, with Toyota's US sales falling 7.1 per cent. "We don't have any problems in terms of shipping," the Japanese carmaker said. "

Tesla needs to deliver more than 450000 cars in the fourth quarter to meet his target of 50 per cent annual delivery growth. According to reports, the company has set a target to produce about 495000 Model Y and Model 3 vehicles during this period.

Brandon Brandon Pizzurro, an analyst at GuideStone Capital Management, said: "the broader concern is not just that they missed delivery expectations, but perhaps more persistent concerns about all smaller start-up electric car companies, which could put us behind the curve in electric vehicle production."

Still, analysts expect Tesla's manufacturing margins to remain strong in the fourth quarter, thanks to his pricing power and ability to use China as an export hub for many countries.

Meanwhile, Tesla's competitor Rivian Automotive said on Monday that it produced 7363 cars in the third quarter, up 67 per cent from the previous quarter and maintained its full-year production target of 25000.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.