Tesla's Q3 results showed a slight drop in revenues and EPS. The firm produced 430,488 vehicles, down from Q2's 466,140, attributing the decline to factory upgrades. Tesla's margins also shrank due to lower model prices and increased expenses from factory scaling and AI spending. This news led to a fall in the company’s stock and other electric vehicle stocks like BYD, Li Auto, XPeng, and Nio. Despite these results, Tesla remains confident about meeting its full-year delivery guidance.
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