Tesla misses its Model 3 deliveries by a mile

Business Insider | 1/3/2018 | Joe Ciolli
Kota79Kota79 (Posted by) Level 4
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Tesla delivered just 1,550 Model 3 sedans during the fourth quarter, falling well short of the 2,917 figure Wall Street expected.

Tesla produced just 2,425 Model 3s in the quarter.

July - CEO - Elon - Musk - Company

In July, CEO Elon Musk tweeted that the company could most likely produce 20,000 Model 3s a month by December.

Tesla shares were down more than 1% following the news.

Tesla - Model - Sedans - Quarter - Figure

Tesla delivered just 1,550 of its Model 3 sedans in the fourth quarter, widely missing the 2,917 figure that Wall Street was expecting.

The company attributed missed deliveries over the holiday season to a production ramp-up in the final seven days of the quarter, in which it made 793 Model 3s, the company said in a release.

Tesla - Model - December - Months

Tesla said it made as many Model 3s since December 9 as it had in the previous four months.

"This is why we were not able to deliver many of these cars during the holiday season, just before the quarter ended," the company said. "Model 3...
(Excerpt) Read more at: Business Insider
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