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Why Tesla Stock Slammed on the Brakes Monday Morning

Why Tesla Stock Slammed on the Brakes Monday Morning

The catalyst that sent the electric vehicle (EV) maker plunging was quarterly vehicle deliveries that fell short of expectations. In a press release that dropped Sunday, Tesla revealed its third-quarter production and delivery numbers, and while the growth was robust, investors wanted more. In its press release, Tesla addressed the issue, saying, "Historically, our delivery volumes have skewed toward the end of each quarter ... [but] as our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity."