Tesla’s deliveries fell 2% and still beat expectations

Tesla delivered 486,532 vehicles in the third quarter, down 2% year on year but well above the 461,000 analysts expected, with American electric sales down 47% in August after the federal credit expired. Its European registrations rose 43.3% between January and August, outpacing the wider battery-electric market.

Tesla delivered 486,532 vehicles last quarter, 2% fewer than a year ago and well above what analysts expected. The American electric market has collapsed since the federal credit expired. Europe is where Tesla…