It blamed its own “hubris” for overloading the Model X with technology. In the fourth quarter previous year, Tesla delivered just 206 of the crossovers. That’s down significantly from the 17,400 deliveries of the last quarter of 2015, which Tesla blames largely on supply issues with the Model X.
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Tesla suggests “severe Model X supplier parts shortages” slowed production in January and February. Tesla says that it stuffed the Model X with too much technology and that’s what’s making it hard for the company to produce the auto in volume.
Tesla shares were trading slightly lower on Tuesday, as limited Model X output pushed Tesla’s total quarterly deliveries below Wall Street expectations.
Since the Tesla Model 3 was unveiled last week, more than 276,000 people have made $1,000 refundable down payments to order the vehicle, according to reports.
Tesla said despite this undershoot, it remains on track to hit its full-year sales target of 80,000 to 90,000 cars. Tesla has assured that it is addressing all three root causes to ensure that no mistakes will be repeated with the new Model 3, which will begin production in late 2017.
Mr Musk has revealed that the company is focusing on ramping up productions and will eventually need to build a factory in Europe to satisfy demand.
A third tweet from Musk added: ‘A Model 3 order gives you priority in your geography, so, even tho total count is high, ordering early will make a big difference locally’.
Customers must put down $1,000 to order the cars, which start at $35,000 and have a range of 215 miles per charge.
Carlos Ghosn, the CEO of one of the first mainstream manufacturers to launch a modern electric vehicle for the masses, was asked about his opinion on Tesla’s impressive number of registered orders for the Model 3. These are the only sales results analysts have to go on, as Tesla doesn’t release monthly results as other auto companies do.
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Overall baseline mentions of the Model 3 are now 550 percent higher than those of the Model X. Perhaps much more importantly for Tesla, the data shows that social media sentiment regarding the Model 3 is nearly exclusively positive.
