US Stock Market Move | Tesla, Inc. (TSLA.US) fell more than 2%, with bulls expecting fourth-quarter electric vehicle deliveries to be below 440,000 units.

On Friday, Tesla, Inc. (TSLA.US) fell by over 2%, closing at $474.98. In terms of news, Wall Street currently estimates that Tesla, Inc. will deliver around 440,000 vehicles in the fourth quarter, but there are analysts who predict deliveries of 415,000 vehicles, as well as institutions forecasting between 415,000 and 435,000 vehicles. If Tesla, Inc.'s deliveries in the fourth quarter are below 440,000 vehicles or around that number, it would mean a year-on-year and quarter-on-quarter decrease in deliveries for Tesla, Inc. In the last quarter of last year, Tesla, Inc. produced 459,445 electric cars and delivered 495,570 to customers, while in the third quarter of this year, they produced 447,450 and delivered 497,099. Reports indicate that the estimates given by investment banks of around 440,000 vehicles or even lower are related to the cancellation of the $7,500 federal tax credit in the U.S. The U.S. is the largest market for Tesla, Inc.'s electric cars, and they used to offer a $7,500 federal tax credit to electric car buyers, which is no longer available after September 30th of this year. Investment banks and analysts believe that this change has affected the demand for Tesla, Inc.'s electric cars in the U.S. market, leading to expectations of a decrease in deliveries compared to the same period last year.