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Tesla Deliveries Miss Forecasts Again on Production Delays

Tesla Motors Inc. reported fourth-quarter deliveries that fell short of its own forecasts, sending shares lower in after-market trading, as production delays continue to plague the carmaker led by Chief Executive Officer Elon Musk.

The Palo Alto, California-based maker of electric cars and energy-storage products delivered about 22,200 vehicles in the final three months of last year, according to a statement Tuesday. The total trailed the automaker’s projection for 25,000 units and brought its full-year tally to 76,230 vehicles, below its forecast for at least 80,000 units.

Musk has a history of setting ambitious targets and timelines for Tesla and coming up short, including his calls for how soon the Model X sport utility vehicle and less-expensive Model 3 sedan would follow the top-selling Model S. The pressure on Tesla to make good on its goals has risen following the merger last year of the carmaker with solar-panel installer SolarCity Corp., since both have typically reported losses and burned cash.

“There is a high risk of execution missteps, a challenged track record on meeting...


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