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>> What a day.>>
>> The numbers are in, and it looks like Tesla is still hampered by those pesky production issues. The car company on Wednesday announced it delivered about 1,500 of its new Model 3 electric cars in the fourth quarter. That's a lot less than the 4,100 cars Wall Street analysts expected Tesla to deliver.
Tesla is still struggling with what CEO Elon Musk called quote, manufacturing hell, including problems with the Model 3's battery assembly line. The latest sedan is critical to its long term success as it's the most affordable of its cars to date, and is the only one capable of transforming the niche automaker to a mass producer as it fends off rivals entering the electric car market.
The Model 3 starts at $35,000, or about half the price of its flagship Model S, and over 500 000 customers have put down a refundable deposit for the car.