Tesla said Monday that "production bottlenecks" had prevented it from meeting goals for its ramp-up on its new Model 3 mass-market sedan. The luxury electric car maker said, however, that its deliveries rose by 4.5 percent to 26,150 in the third quarter over the same period last year. The California-based company produced just 260 Model 3 sedans and delivered 220 of them in the quarter. Tesla said it expected to meet its target of 5,000 of the Model 3 sedans, which start at $35,000, per week by the end of the year, and to increase that to 10,000 per week at some point in 2018. Source: Reuters |
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