Tesla delivered a record number of vehicles in its third quarter 2017, but missed production estimates on the Model 3, the automaker’s new electric sedan for the mass market.
Tesla confirmed production of only 260 Model 3 units, significantly below the 1,500 units that Tesla said it hoped to build by the end of August.
In a press release, the company said the delay is caused by a bottleneck in the manufacturing process that will be corrected in the “near-term.”
“Model 3 production was less than anticipated due to production bottlenecks. Although the vast majority of manufacturing subsystems at both our California car plant and our Nevada Gigafactory are able to operate at high rate, a handful have taken longer to activate than expected. It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain. We understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near-term.”
The automaker significantly beat the guidance for Model S and Model X deliveries in the third quarter, with 14,065 Model S sedans and 11,865 Model X SUVs. A total of 25,336 vehicles were produced during the period and 4,820 Model S and X vehicles were in transit at the end of the quarter.
It was Tesla’s all-time best quarter for Model S and X deliveries, representing a 4.5% increase over Q3 2016, the previous best quarter, and a 17.7% increase over Q2 2017.
Tesla confirmed production of only 260 Model 3 units, significantly below the 1,500 units that Tesla said it hoped to build by the end of August.
In a press release, the company said the delay is caused by a bottleneck in the manufacturing process that will be corrected in the “near-term.”
“Model 3 production was less than anticipated due to production bottlenecks. Although the vast majority of manufacturing subsystems at both our California car plant and our Nevada Gigafactory are able to operate at high rate, a handful have taken longer to activate than expected. It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain. We understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near-term.”
The automaker significantly beat the guidance for Model S and Model X deliveries in the third quarter, with 14,065 Model S sedans and 11,865 Model X SUVs. A total of 25,336 vehicles were produced during the period and 4,820 Model S and X vehicles were in transit at the end of the quarter.
It was Tesla’s all-time best quarter for Model S and X deliveries, representing a 4.5% increase over Q3 2016, the previous best quarter, and a 17.7% increase over Q2 2017.
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