Tesla's Q3 2024 showed modest growth with 469,796 vehicles produced, representing a 9% increase from Q3 2023, even as sales fell short of analyst expectations.
Despite a production increase, Tesla's sales of 462,890 vehicles came in below many analysts' projections, highlighting the gap between output and market expectations.
The significant growth in the 'other' category, up 91% thanks to the Cybertruck, underscores a shift in consumer interest, while legacy models like the S and X struggle.
For investors concerned about sustained growth, the small but positive year-over-year changes may bring some relief, reinforcing the narrative of recovery after a lackluster Q2.
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