Tesla falls short on Model 3, but overall sales rise in 2017
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January 4, 2018
DETROIT (AP) — Electric car maker Tesla Inc. has again fallen short of production goals for its new Model 3 sedan.
The Palo Alto, California-based company made 2,425 Model 3s in the fourth quarter. That's only a fraction of the 20,000 per month that CEO Elon Musk promised last summer when the car first went into production.
The company exceeded its overall sales targets, delivering 101,312 Model S sedans and Model X SUVs in 2017, up 33 percent over 2016.
But all eyes are on the Model 3, which is Tesla's first lower-cost, high-volume car and is crucial to its goal of becoming a profitable, main...
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