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Tesla Misses Delivery Forecasts for Q4 Citing Production Delays

Tesla Misses Delivery Forecasts for Q4 Citing Production Delays

 Source:Tesla | Publication date: Jan 3, 2017 | Author(s):Dana Hull

Struggling with production delays, Tesla Motors Inc. has reported that its fourth quarter deliveries failed to meet internal projections.

According to a statement released by the company, Tesla produced close to 22,200 vehicles in the last three months of 2016, falling short of forecasts that it would deliver 25,000 units. For the year, the automaker manufactured 76,230 vehicles, down from projections of a minimum of 80,000 units.

Tesla says that production issues concerning its new Autopilot Hardware 2 assisted-driving systems led to delays in the transportation and delivery of close to 2,750 of its cars.

Despite a 51 percent increase in vehicle deliveries in 2016, Telsa chief executive Elon Musk is under increasing pressure to make good on the company’s goals following its acquisition of SolarCity in November and ambitious plans to manufacturer 500,000 vehicles annually in 2018.

Read full article at: Tesla »





 
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