A few months ago, Tesla CEO Elon Musk laid down some bold production targets for the new Model 3. Production is supposed to be hitting 20,000 units per month from December, with 100 built in July and 1500 in August, but so far, Tesla has delivered…220.
In other words, the electric car firm is 14 per cent below target. Not the best news for the hundreds of thousands of people on the waiting list. So what went wrong? Tesla told its shareholders:
“There are no fundamental issues with the Model 3 production or supply chain. We understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near term.”
It’s partly down to certain “manufacturing subsystems” which have “taken longer to activate than expected,” the company explained. Deliveries have increased by 4.5 per cent over 2016’s third quarter however, and 17.7 per cent over the second quarter of this year.
Later this month, Tesla will launch its very first semi truck and its home in Hawthorne, California.