Tesla Reports New Setback for Model 3, With Output Lagging

Tesla Reports New Setback for Model 3, With Output Lagging

The Tesla Model 3 at its introduction in July. The number of cars Tesla has produced has fallen far short of company projections. Tesla’s first mass-market offering keeps encountering roadblocks. The electric-car maker said on Wednesday that production of the new vehicle, the Model 3, in the final quarter of 2017 was far behind what its chief executive, Elon Musk, forecast when it went into production six months ago. Priced at $35,000, the Model 3 has been touted by Mr. Musk as an affordable, high-volume compact sedan that would enable Tesla to sell more than 500,000 cars a year […]