+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Tesla misses its Model 3 deliveries by a mile

Jan 4, 2018, 03:13 IST

YouTube/Motor Trend

Advertisement

Tesla produced just 1,550 of its Model 3 sedans in the fourth quarter, widely missing its target for the much-anticipated new car.

The company attributed missed deliveries over the holiday season to a ramping up of production in the final seven days of the period, which saw it make 793 Model 3s, according to a company release. Tesla made as many Model 3s in the period following December 9 as it did in the prior four months, it said.

"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 deliveries to non-employee customers are now accelerating rapidly."

This story is developing.

Advertisement

NOW WATCH: THE BOTTOM LINE: Bitcoin mania, a Nobel Prize-winning economist talks Trump, and a deep dive on unstoppable tech stocks

Next Article