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Tesla Persists With Price Cuts After Underwhelming Q3 Sales, Rivian's $1.5B Debt Offering Sinks Stock, Lucid's Gamble With Cheaper Trim And More: Biggest EV Stories Of The Week

Benzinga ·  Oct 7, 2023 10:56

Electric vehicle stocks closed the week that ended on Oct. 6 on a down note, although market leaderTesla, Inc.(NASDAQ:TSLA) managed to post a weekly advance despite reporting underwhelming third-quarter deliveries. The sector-wide weakness came amid the broader market volatility and some company-specific news.

Here are the key events that happened in the EV space during the week:

Tesla Q3 Sales Undershoot Lowered Bar:Tesla reported Monday third-quarter deliveries of 430,488 vehicles in the third quarter, down from 479,700 units it sold in the second quarter. The number also trailed the company-compiled consensus of 455,000 units. The E...

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