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Tesla Rises After Narrowing Vehicle-Delivery Forecast for 2015

Tesla Motors Inc. rose in extended trading after the electric-car maker narrowed its forecast for full-year sales volume and promised to reveal the more-affordable Model 3 in early 2016.

The automaker said it sold 33,180 vehicles in the year’s first three quarters. Tesla will need to deliver 16,820 this quarter to reach the low end of its full-year target of 50,000 to 52,000 vehicles. The company in August revised the goal to 50,000 to 55,000, compared to 55,000 previously.

“Since the Model X...