company: Many on Wall Street also view the third-quarter results as a bellwether for Tesla's hopes of returning to profits, and are keeping a keen eye on end-of-year guidance, according to Market Watch. The sales drop is likely due to a mix of deliveries that have skewed heavily toward the Model 3, the company's cheapest offering, putting profit margins at the center of Wall Street's list of concerns for Tesla. For the first time in more than a decade, Tesla TSLA, 0.85% is looking at a year-over-year dip in quarterly revenue. The company earlier this month reported third-quarter deliveries, its proxy for sales, that fell short of expectations. Analysts surveyed by Fact Set expected the company to deliver about 99,000 vehicles, including 80,200 Model 3s. Tesla said it delivered about 97,000 vehicles in the third quarter, including 79,600 Model 3 sedans.
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