Tesla stock slides as logistic issues widen deliveries and production gap

Shares opened at a more than two-month low and if losses hold, Tesla would lose nearly $58 bn in m-cap in a single day, more than the market value of General Motors as well as Ford Motor

Tesla Inc shares fell about 7% on Monday after the world's most valuable automaker sold fewer-than-expected vehicles in the third quarter as deliveries lagged way behind production due to logistic hurdles.
 

Shares opened at a more than two-month low and if losses hold, Tesla would lose nearly $58 billion in market capitalization in a single day, more than the market value of General Motors Co as well as Ford Motor Co.
 

Tesla produced a record 365,923 vehicles in the quarter and delivered a new high of 343,830 vehicles, but still missed market expectations, with an unusually large gap between production