Tesla deliveries at low end of forecast, starting Model 3 production [Reuters (UK)]
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Source: Reuters
Tesla deliveries at low end of forecast, starting Model 3 productionn"Tesla Inc said it delivered about 47,100 electric sedans and SUVs in the first half of 2017, at the lower end of its own forecasts, shortly after Chief Executive Elon Musk announced that production of its mass-market Model 3 would start this week and build to 20,000 per month in December.Shares fell 2.5 percent in regular trade on Monday to $352.62 after the Model 3 comments and eased down a touch more in after hours trade, following the first-half report.Tesla said a "severe shortfall" of new battery packs had constrained vehicle manufacturing until June, and it forecast that second-half deliveries of the Model S sedan and Model X sports utility vehicle likely would exceed those of the first half. It had forecast first-half deliveries of 47,000 to 50,000.Most investors are focused on the outlook for the Model 3, and some analysts have been skeptical about its planned July launch after production delays and quality
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