Tesla (TSLA) shares lost ground Wednesday morning after the electric vehicle make𓆉r reported higher deliveries than analysts anticipated for the third quarter, but investors ma🦋y have had higher expectations.

Tesla delivered 462,890 vehicles in the quarter, the closest metric to sales that Tesla reports, and said it produced 469,796 vehicles in the quarter. Those figures are up from 435,059 deliveries and production of 430,488 vehicles in the third quarter a year ago.

A 'Step in The Right Direction'

Analysts had expected roughly 461,000 deliveries and production of just under 450,000 vehicles, according to estimates compiled by Visible Alpha. Wedbush analysts said the figures were "a step in the right direction," but added the stock could be pressured as investors may have expected more.

Deliveries 澳洲幸运5官方开奖结果体彩网:fell year-over-year in the 澳洲幸运5官方开奖结果体彩网:first two quarters of the year, leading 澳洲幸运5官方开奖结果体彩网:Tesla stock to sink over the 澳洲幸运5官方开奖结果体彩网:first half of the year, before 澳洲幸运5官方开奖结果体彩网:recovering in recent months. Analysts from Deutsche Bank and Wedbush said in the week leading up to Wednesday's announcement that investors' focus will likely be more on 澳洲幸运5官方开奖结果体彩网:next week's planned "robotaxi" unveili♈n♚g rather than the delivery data.

The EV maker also announced Wednesday that 💫its full third-quarter results will be released after the market closes Oct. 23.

Tesla shares were down 5% at $244.86 in♒ early trading Wednesday following the news.