Tesla shares dip after third-quarter production and deliveries report

SpaceX Chief Engineer Elon Musk gestures during a joint news conference with T-Mobile CEO Mike Sievert (not pictured) at the SpaceX Starbase, in Brownsville, Texas, August 25, 2022.

On Sunday, the electric vehicle maker released third-quarter production and delivery numbers that fell short of analysts' expectations.

According to estimates compiled by FactSet-owned Street Account, the company reported 343,000 total deliveries and 365,000 vehicles produced. The closest approximation of sales is deliveries.

The company said it made 258,580 cars in the last quarter of the previous year.

There were growing pains at the new factories in Germany and Texas as well as soaring commodity prices.

Wall Street analysts were divided over the electric vehicle maker's report and the stock price suggests investors are concerned about delivery numbers.

A Goldman Sachs analyst maintained a buy rating on the stock, saying that the company will benefit from the long-term shift to electric vehicles, while a JP Morgan analyst kept an underweight rating on the stock, saying that the earnings miss was in line with their expectations.

The company was given a market perform rating by an analyst.

CNBC contributors contributed to the report.