Tesla production behind schedule

Tesla has pushed back targets for its new Model 3 car after admitting it is months behind schedule.

According to the BBC, Tesla has now said it will produce 5,000 of the cars each week by early 2018, instead of the previously declared December.

The new target emerged as Tesla posted its biggest quarterly loss ever with net losses of $619m (£468m) in the three months to 30 September.

Tesla said it had produced just 260 of the Model 3 cars in the third quarter, less than a fifth of the 1,500 vehicles it had planned to build.

In a statement the company said it continued ‘to make significant progress each week in fixing Model 3 bottlenecks’.

‘The nature of manufacturing challenges during a ramp such as this makes it difficult to predict exactly how long it will take for all bottlenecks to be cleared or when new ones will appear.’