Tesla falls short on Model 3 production
- 7 years ago
Tesla's plan to reach the masses with its new Model 3 its off to a slow start.
The US electric carmaker aimed to produce 1500 units during Q3 of 2017. However, Tesla was able to deliver only 260 units. Shares dipped 2.7% to $332.31 in early morning trading Tuesday. Elon Musk blamed production bottlenecks for the shortfall. The company said in a statement. More than 500,000 people are on the waiting list to receive their Model 3.
The US electric carmaker aimed to produce 1500 units during Q3 of 2017. However, Tesla was able to deliver only 260 units. Shares dipped 2.7% to $332.31 in early morning trading Tuesday. Elon Musk blamed production bottlenecks for the shortfall. The company said in a statement. More than 500,000 people are on the waiting list to receive their Model 3.