Tesla Inc.'s first attempt at high-volume production isn't going as well as it hoped — and the company has a record quarterly loss to show for it. Tesla said it now expects to make 20,000 Model 3s per month by the end of 2018's first quarter. Sales of Tesla's two other vehicles — the Model S sedan and Model X SUV — rose 4.5 percent to 25,915. Tesla said net orders for those vehicles hit a record level in the third quarter, setting the stage for record deliveries in the fourth quarter. The company says it's on track to deliver 100,000 Model S and Model X vehicles in 2017, up 30 percent from 2016.

Source: ABC News November 01, 2017 20:48 UTC