Luxury electric vehicle maker Tesla Inc said on Monday its deliveries
rose 4.5% in the third quarter from the prior-year period, but said
"production bottlenecks" had left the company behind its planned
ramp-up for the new Model 3 mass-market sedan.
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% from the second
quarter of this year.
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 S$35,000 (RM148,330) half the starting price of the
Model S.
Tesla had said in its second-quarter financial report that it expects
"to achieve a rate of 5,000 Model 3 vehicles per week by the end of
2017." The automaker also said it expects at some point in 2018 to further
ramp to a rate of "10,000 Model 3 vehicles per week," and an annual
production rate in excess of 500,000 vehicles.
"It is important to emphasise that there are no fundamental issues
with the Model 3 production or supply chain," Tesla said in a statement.
"We understand what needs to be fixed and we are confident of addressing
the manufacturing bottleneck issues in the near term."
Tesla said it was on track to deliver around 100,000 S and X models
this year.
But Tesla said on Monday that a handful of systems at its Fremont,
California, car plant and its battery factory in Reno, Nevada, "have taken
longer to activate than expected."
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. — Reuters
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