Home Business Rise in Third Quarter Deliveries of Tesla, but Model 3 Encounters “Bottleneck”

Rise in Third Quarter Deliveries of Tesla, but Model 3 Encounters “Bottleneck”

Tesla Model X

On Monday, the Luxury electronic vehicle manufacturer Tesla Inc. stated that its deliveries increased to 4.5 percent in the third quarter from the same period the previous year. But it also said that due to “bottlenecks” in the production it led the company behind what is planned for the new ramp-up of Model 3 sedan of mass-market.

Tesla said that in the third quarter it drop-shipped 26,150 vehicles, along with 11,865 no. of Model X cars, 14,065 Model S vehicles, which is 17.7 percent up from the second quarter of this year.

In the financial report of second-quarter Tesla mentioned that it expects in achieving a rate of 5,000 Model 3 category vehicles per week by the end of 2017. This automaker company also stated that at some point in 2018 it also expects to ramp further of Model 3 vehicles to a rate of 10,000 per week, and production rate annually in a surplus of 500,000 vehicles.

A California-based company, the Palo Alto just delivered Model 3 sedans of 220 numbers, and during the quarter it produced 260. It began its production of Model 3 during July that starts at a price of $35,000, which is half the Model S starting price.

Tesla said that this year it was on a track to deliver around 100,000 number of X and S model vehicles.

In a statement, Tesla said that it is significant to emphasize that there are no fundamental problems with the production of Model 3 or the supply chain. The company understands what needs to be done and that they are confident of addressing the bottleneck of production issues in nearest term.

This electric car maker company also stated that at the end of the third quarter there were 4,820 Model X and S vehicles in transit to customers and would also be counted with its figure of fourth-quarters.

On Monday, Tesla also mentioned that quite a few systems in its car plants took longer to activate than it was expected.