Tesla stock (TSLA) lost 3.5% on Oct. 2 after the electric vehicle maker reported third-quarter deliveries of 462,890, up about 6% from a year earlier. This marks the first year-over-year growth in quarterly deliveries for 2024.

Tesla’s 462,890 deliveries last quarter was in line with consensus forecasts but failed to match the 470,000 projected by some analysts.

Tesla delivered 462,890 vehicles in Q3 2024, narrowly beating Wall Streets estimate of 461,978 units. The companys inventory levels rose slightly, reaching 113,455 units. Despite positive delivery numbers,