Tesla Falters With Model 3 as Initial Output Trails Forecast
- Company blames ‘bottlenecks’ for production of just 260 units
- Deliveries for Model S and Model X climb to quarterly record
Tesla's Model 3 Production 'Less Than Anticipated'
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Tesla Inc. struggled to produce its cheapest model shortly after the car debuted, setting back Chief Executive Officer Elon Musk’s mission to reach mainstream consumers.
The automaker built only 260 Model 3s during the quarter ended in September, less than a fifth of its 1,500-unit forecast. Output of the sedan that starts at $35,000 -- roughly half the cost of the least expensive Model S -- was lower than expected because of unspecified “bottlenecks,” according to the company.