Tesla Inc. posted a narrower quarterly loss than estimated and said the much-anticipated Model 3 electric sedan remains on schedule, as Chief Executive Officer Elon Musk closes in on his pursuit of more mainstream car buyers. The electric-car maker expects to deliver as many as 50,000 vehicles in the first half of the year and still sees Model 3 production starting in July, according to a letter to shareholders Wednesday.
Category: Tesla Model 3
Tesla Model 3: How Many Will Be Delivered In 2017?
But the big mystery is how Tesla’s Model 3 production ramp-up will look — and thus Model 3 deliveries. While investors may not get a very specific answer, management’s guidance range for total vehicle sales will likely provide some useful insight into Tesla’s outlook for the highly anticipated, lower-cost vehicle.
Tesla Raises U.K. Prices After Brexit Vote
One of the world’s most devoted gearhead clubs is about to get a little pricier in the U.K. as a result of the country’s vote to leave the European Union. Tesla Motors will increase prices in the U.K. by 5% in 2017, a move attributed to the falling pound and described as “due to currency fluctuations,” a company spokeswoman said.