Only 1,500 of the mid-market Model 3s were delivered in the fourth quarter EPATesla has again missed production forecasts for its new Model 3 car and further delayed one of its targets as it continued to experience “manufacturing hell” in the fourth quarter. The electric carmaker built fewer cars in the last three months of last year than it did in the same period the year before. Tesla is an electric car and battery manufacturer run by Elon Musk, a billionaire Silicon Valley entrepreneur who has interests in several “green” transport projects. The American company, which is worth about $53 billion, is seeking to replace petrol-powered cars with self-driving electric vehicles such as its Model 3, which costs $35,000 (£26,000). The company has expanded its car…

Source: The Times January 04, 2018 00:08 UTC