Tesla (TSLA) Sees Selling Pressure as Weak Model S Sales Highlighted

November 1, 2016 11:18 AM EDT

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Tesla (NASDAQ: TSLA) is dipping mid-day following a InsiderEVs report card on October EV sales showing just 925 Model S sales, versus 1,900 last year.

The news is not new and the article clearly states, "Unlike in the previous months few month, Tesla did not lead the charge, as the start of a new quarter and an assembly changeover to allow for new fully self-driving hardware to be included on all new production, put deliveries on the back-burner.

One should note this was not a “unexpected event” for Tesla, but one likely planned many, many months ago…meaning that the delivery estimate for “over 25,000” EVs globally in Q4 made last week still applies."

Shares of TSLA last traded down 1.8%.

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