Third-quarter deliveries to include 3,500 vehicles in transit, says Tesla

People visit a Tesla Model S car during the Auto China 2016 in Beijing, China, April 25, 2016. REUTERS/Jason Lee/File Photo

Tesla stated current-quarter deliveries are going to include about 3,500 vehicles that were in transit to clients at the end of the 2nd quarter, on a day the automaker’s first Model 3 rolls off the assembly line.

The automaker stated on Monday it has made deliveries of about 47,100 electric sedans and SUVs during first half of 2017, at the lower end of its own projections, putting pressure on the business’s shares.

Tesla had then not provide information on the number of vehicles in transit.

The company, which blamed “severe” shortage of new battery packs that constrained auto production up until June, restated on Friday that combined deliveries of Model S and Model X in the 2nd half of 2017 will possibly surpass deliveries in the first half.

Registrations of Tesla vehicles in California dropped 24 percent in April from a year previously, according to information from market expert IHS Markit.

The numbers come as financiers worry that demand for Tesla’s high-end Model S sedan is declining ahead of the mass market Model 3 launch.

Other than that, the company stated said it had won an Australian contract to set up world’s most biggest grid-scale battery. Elon Musk previously offered to fix power crisis in South Australia on social media.

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