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Tesla stock slides after the automaker's deliveries disappoint

Tesla stock slides after the automaker's deliveries disappoint

Shares of Tesla Motors Inc. slipped Tuesday morning after the electric car company said over the weekend that it delivered fewer vehicles last quarter than expected.

Tesla stock was down 3.5% at $208.82 shortly before 9:30 a.m. PST.

The Palo Alto automaker, led by Elon Musk, said its second-quarter deliveries totaled 14,370 vehicles — 9,745 Model S sedans and 4,625 Model X SUVs.

Tesla attributed the disappointing numbers in part to the “extreme production ramp” last quarter. It also said more than 5,000 completed vehicles were still on trucks and ships as the quarter ended, on their way...

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