Tesla stated on Monday its deliveries increased 4.5 percent in the third quarter from the prior-year duration, but said “production bottlenecks” had left the automaker behind its planned ramp-up for the brand-new Model 3 mass-market sedan.
Tesla said it provided 26,150 vehicles in the third quarter, consisting of 14,065 Model S vehicles and 11,865 Model X vehicles, rise of 17.7 percent from the second quarter of this year.
The Palo Alto, California-based business delivered just 220 Model 3 sedans and produced 260 throughout the quarter. In July, it started production of the Model 3, which begins at $35,000 – half the starting cost of the Model S.
Tesla had stated in its second-quarter monetary report that it expects “to attain a rate of 5,000 Model 3 vehicles weekly by the end of 2017.” The automaker likewise stated it expects at some time in next year to further ramp to a rate of “10,000 Model 3 vehicles weekly,” and an annual production rate in excess of 500,000 vehicles.
“It is essential to emphasize that there are no basic concerns with the Model 3 production or supply chain,” Tesla stated. “We comprehend what has to be repaired and we are confident of dealing with the manufacturing bottleneck problems in the near term.”
Tesla informed it was on track to provide around 100,000 S and X models this year.
But Tesla stated on Monday that a handful of systems at its Fremont, California, vehicle plant and its battery factory in Reno, Nevada, “have taken longer to activate than expected.”
The automaker said 4,820 Model S and X cars were in transit to consumers at the end of the 3rd quarter and would be counted with its fourth-quarter numbers.