Tesla has announced some numbers for delivered Model 3 cars during Q4 2017 and they missed their goal by a lot. Wall Street expected Tesla to ship 2,917 Model 3 cars during the quarter. Tesla only managed to ship 1,550 units during that three-month period.
Tesla managed to produce only 2,425 Model 3 cars in that same quarter. Elon Musk had boasted last summer that Tesla would deliver 20,000 Model 3 cars monthly by December. Tesla clearly vastly overestimated its Model 3 manufacturing capability.
Tesla did note that it made as many Model 3 cars by December 9 as it had in the previous four months combined. Tesla says that this is why it didn’t deliver many of those cars before the quarter ended, they had just been built. The low deliveries sent Tesla shares down 1%.
via Business InsiderFiled Under: Auto News