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

Beijing time on October 20 news, Tesla today released the third quarter earnings report. Despite record revenue, the company missed Wall Street expectations as lower-than-expected vehicle deliveries and spending on new factories and battery production squeezed margins.

Tesla's third-quarter revenue of $21.45 billion, despite a record, fell short of analysts 'average estimate of $21.96 billion. Tesla didn't set year-end delivery targets in its earnings report or announce an expected share buyback plan, disappointing some investors this quarter. Tesla shares fell 3 percent in after-hours trading.

Jesse Cohen, senior analyst at investment website Investing.com, said: "Tesla's poor quarterly results once again show that growing macroeconomic uncertainty is having an impact on demand for its electric vehicles. Tesla could face challenges in adding new production, especially at its Berlin plant, which could put it short of its 50 percent delivery growth target this year. "

Tesla CEO Elon Musk is expected to appear on an analyst call to answer questions about whether the company will stick to its goal of increasing shipments by 50 percent this year. Some analysts question whether market demand is weakening.

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