Tesla Misses Delivery Targets Yet Again

For the past few quarters, Tesla has been missing its own delivery targets even though it’s taking steps to ramp up production of the models it has on sale right now. The company has confirmed that it delivered 14,370 cars to customers in the second quarter, missing its own estimate of 17,000 cars.

The company revealed that it produced 18,345 cars during the second quarter of this year which is a 20 percent increase from the previous quarter. Almost half of all of these cars were produced in the last month of the quarter as the company managed a “steep” increase in production. Tesla says that it ended up producing almost 2,000 cars per week during the second quarter.

Tesla is looking to radically increase production as it gears up to start making the Model 3. The company’s first mass-market electric car was unveiled earlier this year and it’s going to hit the production line in 2017 with deliveries expected to begin by 2018.

It expects to produce 50,000 cars in the second half of this year with weekly production being ramped up to 2,400 cars by the fourth quarter. The increase will only take care of the Model X and Model S backlog, Tesla still has to make improvements to its production process to ensure that Model 3 deliveries are not delayed beyond the schedule it has provided.

Adnan Farooqui
Categories: Transportation
Tags: Model 3, model s, model x, Tesla