BREAKING NEWS

BREAKING NEWS

Tesla misses delivery targets again

Tesla has miss its delivery target for cars for the second quarter running, blaming an "extreme" production ramp up.

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Tesla misses delivery targets again

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Tesla continues to miss its delivery target for cars.

It is the second quarter running that has happened and it is all-but-certain to fall short of this year’s annual target.

That does not bode well for the US electric car maker’s ambition to become a mainstream, high-volume manufacturer.

Tesla delivered 14,370 vehicles between April and June – its target was 17,000.

The company blamed an unusually large number of vehicles still in transit to customers and an “extreme” production ramp that led to almost half of the quarter’s vehicles being made in the last four weeks.

It expects to deliver about 50,000 vehicles during the second half of the year. Having delivered only 29,190 vehicles in the first two quarters, even if it hits that target, it would leave the company just short of the low end of its earlier expectation of 80,000 to 90,000 deliveries this year.

Tesla has plans to build 500,000 cars in 2018 and almost one million a year by 2020.

Its first mass-market car – the Model 3 – is set to go into production late next year.

The delivery target news comes as US regulators launched an investigation into a fatal crash involving a Tesla Model S car using its ‘Autopilot’ system