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Tesla Misses Delivery Estimates so Can It Handle the Model 3? — Tech Roundup

Tesla Motors (TSLA - Get Report) unveiled the Model 3 last week, showing off for the first time the company's affordable, electric vehicle for the masses. The automaker was optimistic on pre-order potential, but didn't expect anywhere near the roughly 300,000 people that have put in their $1,000 down payment and signed up on the waiting list.

The overwhelming customer response caused CEO Elon Musk to say he'll need to "rethink" production strategies moving forward. While the Model 3 is some 18 months away, the company has other production miscues to consider.

Tesla announced its first-quarter deliveries tallied in at 14,820 -- almost 1,200 short of analysts' expectations of 16,000 units.

The company blamed a shortage of parts, many for the new Tesla Model X. Still, it raises concerns that if...


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