Tesla's Model 3 volume production target pushed back again

Tesla delivered 1,550 of its new Model 3 electric cars in the fourth quarter, missing Wall Street expectations as it tries to overcome production issues that have hampered the roll out of its most affordable sedan. However, the company exceeded its overall sales targets, delivering 101,312 Model S sedans and Model X SUVs in 2017, up 33 percent over 2016. Tesla says it made significant progress in reducing production bottlenecks toward the end of the fourth quarter. However, the company exceeded its overall sales targets and says it made significant progress in reducing production bottlenecks toward the end of the fourth quarter. The five-seat sedan will travel 215 miles (346 kilometres) on a single charge.