Tesla ($TSLA) Q3 2017 Vehicle Deliveries and Production — EV Stock News

Tesla ($TSLA) Q3 2017 Vehicle Deliveries and Production — EV Stock News

In July, Tesla Chief Executive Elon Musk warned that "production hell" was ahead for Tesla's new and long-anticipated Model 3. That price tag placed it well within the range of the average American new-car buyer.

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.

In a note to investors Monday, Tesla blamed "production bottlenecks" but offered no details. "It is important to emphasize that there are no fundamental issues with the Model 3 production or supply chain", Tesla wrote.

Tesla has just announced its quarterly production figures and while the Model S and Model X are selling better than ever, the Model 3 is getting off to a slower start than expected.

Public demand for its electric vehicles has never been a problem for Tesla Inc (NASDAQ:TSLA). Tesla, however, highlighted deliveries of its more time-tested models-in Q3, the company delivered 25,930 model S and X vehicles, which is a record for the electric vehicle startup.

September was supposed to be the Model 3's big month.

Tesla critics saw little to crow about.

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It's unclear if De Vrij is an alternative to Southampton star Virgil van Dijk, or whether Liverpool plan to sign both in a major defensive overhaul.

The company's 60 percent share rise and inability to turn a profit during this past year has roiled traditional automakers and created greater risk for all manufacturers, a report from Nordea Global Climate and Environmental Fund notes.

Morgan Stanley and much of Wall Street don't see a lag for one month as hurting Tesla's financial liquidity or access to capital. Initial deliveries of the Model 3 have primarily been to employees.

Tesla reported that they expect to deliver around 100,000 Model S and Model X vehicles in the full year of 2017. Tesla disclaims any obligation to update this information. These forward-looking statements are based on management's current expectations. Tesla said those vehicles would be counted in the third quarter.

© 2017 Los Angeles Times under contract with NewsEdge/Acquire Media.

But he sees the stock as expensive. No worries. There are plenty of car safety features that are available, affordably, for ALL cars, not just new ones.

Reuters/Tesla Motors/HandoutTesla Model 3 owners with reservations are being told to switch to Model S.