Tesla Model 3 numbers disappoint again, but Tesla says it’s hit a stride

Enlarge (credit: Tesla)

In a statement on Wednesday, Tesla said that it had delivered 1,550 Model 3 vehicles in the fourth quarter of 2017. This is a step up from the 260-odd vehicles that had been delivered in Q3 after the delayed model was launched in July, but a significant distance short of what industry-watchers had hoped.

Tesla said in last quarter’s financial call that the disappointing Q3 Model 3 production numbers were the result of production bottlenecks caused by a sub-contractor at the Gigafactory, the company’s massive battery factory outside of Reno, Nevada. But Tesla CEO Elon Musk said that, by the end of Q1 2018, the company would be churning out Model 3s at a rate of 5,000 cars per week.

In today’s statement, however, Tesla adjusted that projection downward.

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Source: Ars Technica

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