Tecnología

Tesla Q3 Model 3 Deliveries Fall Far Short

Tesla Q3 Model 3 Deliveries Fall Far Short

The Model 3 is a more affordable alternative to Tesla's Model S and Model X luxury vehicles.

However Kawasaki Wealth & Investment Management CEO Ross Gerber told the wire service that while Musk "never made a number", he had faith in the issues being resolved. The company did not say whether those production forecasts remain on track.

The Model 3 is Tesla's attempt to enter the mainstream.

Musk's master plan was built on sales of more expensive cars to finance the production of a mass-market vehicle, and the company's top-of-the-line Model S and Model X performed better than expected in the third quarter. It went out of its way in Monday's announcement to emphasize the problem wasn't a bigger one: "It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain".

The company's quarterly production statement said that "Model 3 production was less than anticipated due to production bottlenecks". That was consistent with Tesla's second-quarter financial report, which projected the company would "achieve a rate of 5,000 Model 3 vehicles per week by the end of 2017", and hit 10,000 per week in 2018. State legislation passed in September will force companies that offer state-paid rebates on their electric vehicles to prove their labor practices are fair. It closed up 43 cents Monday to $341.53 but fell in after-hours trading. In addition, Tesla raised its delivery target for the Model S and X this year, to 100,000, which it noted would be a 31 percent increase from last year. The company only produced 260 Model 3 cars from late July through September 30. That's because Tesla has not yet revealed how it plans to solve these production bottlenecks.

Initially, the electric car maker said it would be capable of building 1,500 units in the said quarter, but considering the resulting numbers, it wasn't able to meet even 20 percent of its goal for the sedan aimed at the mass market.

"We see the 5k a week production goal to exit 2017 at risk given the lack of disclosure provided in fixing the 'handful' of subsystems that are taking longer than expected", said Cowen and Co analysts, who already rate Tesla an underperform.