The company conceded in a note to investors on Tuesday that Model 3 production was "less than anticipated due to production bottlenecks". Further, the EV maker said that it is aware of what needs to be fixed, and are confident of resolving the issues in the near-term. It would have been nice to hear what the current production rate is and perhaps a new forecast for the production ramp. Relax, people - Elon has got this.
The two automakers are also racing to take a lead in making driverless cars. At the high end, the Model 3 goes for $59,000.
Musk and his employees know they have a hard task ahead of him.
"Most auto launches have hiccups, and Tesla is no exception", Jonas said. To facilitate the lower price, Tesla's plan is to lower costs by producing lithium batteries at the Gigafactory that will be used in the cars. Tesla Motors blamed the delay on production bottlenecks.
The moves also followed a series of announcements by rival General Motors on its own electric auto ambitions, which included a promise to take "bold steps" towards the first completely driverless vehicles. A little over half of those were Model S sedans; the rest were Model X SUVs and the handful of Model 3s.
If you are now waiting for your Model 3 to arrive, you're in a bit of a tough spot.
It appears the company couldn't escape the manufacturing complexity entirely. However, this year at least, Tesla is falling behind on Model 3 production. That included 22,026 cars combined in the second quarter.
Teslareported that they expect to deliver around 100,000 Model S and Model X vehicles in the full year of 2017.
US Intercept of NK ICBM Would Be Over Russia
North Korea, for its part, says it needs to develop its weapons to defend itself against what it sees as USA aggression. DPRK stands for the North's official name, the Democratic People's Republic of Korea.
Signs of Kim Jong-nam being poisoned, doctor tells court
North Korea has refused to accept the dead man was Kim Jong Un's half brother, suggesting instead he died of a heart attack. Their lawyers argue the women were duped and the true culprits were North Korean agents who told the women what to do.
Julio Jones leaves Falcons game with hip injury
He led the NFC with 1,409 yards on 83 catches last season and came into the Bills game with 16 catches for 265 yards this year. The Atlanta Falcons and Buffalo Bills are set to face off in one of the most-exciting match-ups of the entire weekend.
United States steamrolling Internationals at Cup
Leishman came out swinging, making birdie on two of the first three holes to put the Americans in an early deficit. World Number 1 Johnson caught fire on the back 9 and wrapped up the match for the USA on the 16th winning 3 & 2.