Tesla shares dive after Model 3 delivery falls short of estimates, cuts prices
Overall, total production rose 8 percent to 86,555 vehicles. The company produced 61,394 Model 3s, up from a total of 53,239 Model 3s in the third quarter, but showed no improvement on the 5,000 per week rate it finally achieved at the end of the third quarter.
Tesla has been struggling to ramp up production of its Model 3 sedan, which is crucial to the company`s long-term profitability. Image source: Reuters