Tesla's Q3 gross profit margin is slightly lower than expected, maintaining its full year delivery target unchanged. After Wednesday's trading, Tesla released its third quarter financial report. The financial report shows that its gross profit margin fell to 17.9% in the third quarter, slightly lower than Wall Street's expected 18%, as the company has been using price cuts to boost sales. After the market, the company's stock price has fallen by over 3.6% due to severe fluctuations. But the company insisted on Wednesday on its annual delivery target of 1.8 million vehicles, suggesting that discounts are driving demand. Some analysts suggest that with a general slowdown in demand for electric vehicles, Tesla may need to further reduce prices in order to achieve its annual delivery target.