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Tesla shares to plunge nearly 40% due to weak Model 3 production: Goldman

October 3, 2017


Tesla’s third quarter Model 3 delivery miss is further evidence the electric car maker will have difficulties ramping manufacturing for the key vehicle, according to a top Wall Street firm.

In the third quarter, Tesla delivered 26,150 total vehicles and just 220 Model 3 cars versus the FactSet estimates of 25,860 and 1,260 respectively. Although the overall number was above expectations, Goldman focused in on the Model 3 miss due to its importance to the company’s future.

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