Tesla delivered over 486,000 electric vehicles in the third quarter, marking a slight increase from the previous quarter but a decrease compared to last year's record. The company has faced a nearly 20% drop in U.S. sales year-over-year, attributed to various factors including a lack of new models and external controversies surrounding CEO Elon Musk.
To counteract U.S. sales declines, Tesla is focusing on expanding its presence in Europe and Asia, where demand for EVs is growing. The company is also investing in new projects, including the Tesla Semi and autonomous vehicles, while securing significant lines of credit to support these initiatives.