The company also reported its biggest quarterly loss ever, below analysts' expectations, sending shares down nearly 5 per cent after hours after falling 3 per cent in normal trade. Battery production issueTesla said the main constraint it currently faced was within its battery module assembly line, where the company had to redesign part of the production process. Tesla plans to produce 500,000 vehicles in 2018, mostly Model 3s, a six-fold increase over 2016 levels. But the Palo Alto, California-based company made just 260 Model 3 sedans in the third quarter due to "production bottlenecks," it said. Model 3 production delays mean postponed sales and exacerbate the company's cash burn, made worse as Tesla pays to fix current manufacturing issues.

Source: CBC News November 01, 2017 21:00 UTC