Tesla shares lose $29 billion in a single day

Tesla shares fell 3.5% in yesterday’s session, suffering their biggest daily loss in a month, and the company lost $29 billion in market value in a single day.

The losses came after the electric carmaker reported lower-than-expected third-quarter vehicle deliveries.

Sales reached 1.29 million vehicles year-to-date, down 2%, meaning it needs to sell about 515,000 vehicles in the fourth quarter to match last year’s sales.