Daily Brief Credit: Tesla Q3 Deliveries Trail Even Sharply Reduced Market Consensus—And It’s Own Best Guess and more

• Q3 deliveries were an impressive 343,830, a bit better vs my cautious 331,104 est;
• But results trailed plunging market projections & Tesla’s own guidance by 20,000-50,000; 
• Even worse, the shortfall meant sales trailed production by record 22,100.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Road King Infrastructure
• Vedanta Resources