Tesla Model 3 Production: Schedule postponed again

Palo Alto – The electric car manufacturer Tesla is still not making progress with its hopeful model 3. In the fourth quarter, only 1,550 units of Tesla’s first mid-range car were delivered, as the company of Tech billionaire Elon Musk announced on Wednesday after US stock exchange closure. Thus, the already lower expectations of analysts were massively disappointed. The initially issued target of 5,000 model 3 per week moved Tesla back and forth for the second time. In October Musk had said that “we are deep in production hell.” Meanwhile, however, great progress has been made in the manufacturing process, according to the company. Investors nevertheless reacted disillusioned, the share initially fell by just under two percent. For Tesla, the success of the model 3 available in the USA starting from $35,000 is crucial. With the first medium-range car, the breakthrough in the production process is expected to take place. In the final quarter, Tesla delivered 29,870 vehicles, according to the company, which corresponds to a new record and an increase of 27 percent year-on-year. 15,200 of the luxury sedan model S were brought to the clientele by the newer electric SUV model X 13,120 units. Production of the newer electric SUV model X 13,120 units was made. According to Tesla 24,565 cars, of which 2,425 model 3.