{"id":45527,"date":"2017-10-03T06:33:54","date_gmt":"2017-10-03T06:33:54","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=45527"},"modified":"2017-10-03T06:33:54","modified_gmt":"2017-10-03T06:33:54","slug":"tesla-deliveries-rise-in-third-quarter-but-model-3-faces-bottlenecks","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/tesla-deliveries-rise-in-third-quarter-but-model-3-faces-bottlenecks.html","title":{"rendered":"Tesla deliveries rise in third quarter but Model 3 faces bottlenecks"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">Tesla deliveries rise in third quarter but Model 3 faces bottlenecks<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Tesla deliveries rise in third quarter but Model 3 faces bottlenecks: Luxury electric vehicle maker Tesla Inc (TSLA.O) said on Monday its deliveries rose 4.5 percent in the third quarter from the prior-year period, but said \u201cproduction bottlenecks\u201d had left the company behind its planned ramp-up for the new Model 3 mass-market sedan.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Tesla said it delivered 26,150 vehicles in the third quarter, including 14,065 Model S vehicles and 11,865 Model X cars, up 17.7 percent from the second quarter of this year.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The Palo Alto, California-based company delivered just 220 Model 3 sedans and produced 260 during the quarter. In July, it began production of the Model 3, which starts at $35,000 &#8211; half the starting price of the Model S.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Tesla had said in its second-quarter financial report that it expects \u201cto achieve a rate of 5,000 Model 3 vehicles per week by the end of 2017.\u201d The automaker also said it expects at some point in 2018 to further ramp to a rate of \u201c10,000 Model 3 vehicles per week,\u201d and an annual production rate in excess of 500,000 vehicles.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">\u201cIt is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain,\u201d Tesla said in a statement. \u201cWe understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near term.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Tesla said it was on track to deliver around 100,000 S and X models this year.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">But Tesla said on Monday that a handful of systems at its Fremont, California, car plant and its battery factory in Reno, Nevada, \u201chave taken longer to activate than expected.\u201d<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The automaker said 4,820 Model S and X vehicles were in transit to customers at the end of the third quarter and would be counted with its fourth-quarter figures.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">In after-market trading, Tesla shares fell more than 1 percent to $337.84, from the closing price on Nasdaq of $341.53.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt;color: #000000\">Source:http:\/\/www.reuters.com\/article\/us-tesla-production\/tesla-deliveries-rise-in-third-quarter-but-model-3-faces-bottlenecks-idUSKCN1C72QM<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/tesla-deliveries-rise-in-third-quarter-but-model-3-faces-bottlenecks.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Tesla deliveries rise in third quarter but Model 3 faces bottlenecks Tesla deliveries rise in third quarter but Model 3 faces bottlenecks: Luxury electric vehicle maker Tesla Inc (TSLA.O) said on Monday its deliveries rose 4.5 percent in the third quarter from the prior-year period, but said \u201cproduction bottlenecks\u201d had 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