Tesla Inc Shares (NASDAQ: TSLA) traded more than 3% lower on Wednesday afternoon amid reports that the company is delaying shipments of new Model S and Model X electric vehicles.
The Electrek report highlights that “Many Tesla buyers who have placed orders immediately after the launch of the new Model S are seeing their estimated delivery times pushed back by several months. Most of them have expected delivery dates of March and April, but now they have been postponed to May-July. “
An email about Model S / X production ramp-up to CEO Elon Musk for employees was received by Electrek in late February, where Musk said, “The Model S / X production lines are almost complete with retooling and will be aimed at maximum production next quarter. The demand is great, so soon we will have to return to work in two shifts. Please recommend friends to recruit. “
However, in early April, production volume issues could be a problem for the electric vehicle giant.
Tesla is down 3.29% to $ 668.86 at press time.
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