Tesla (TSLA) Still Plans 2017 Model 3 Deliveries
- Top 10 News for 10/17 - 10/21: Merger Rumors Abound; CEOs Depart; Tesla Kicks Autopilot Up A Notch
- Wall Street ends little changed; Microsoft hits record
- AT&T (T) in Advanced Talks to Acquire Time Warner (TWX) - DJ
- Rockwell Automation (ROK) Said to Attract Takeover Interest from Schneider Electric - Source
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
(Updated - October 18, 2016 1:37 PM EDT)
Tesla (NASDAQ: TSLA) shares were volatile mid-day Tuesday after traders took notice that the company stretched out the delivery promise for the Model 3. The change on its website notes new Model 3 reservations will be delivered in mid 2018 or later. Prior delivery estimates were 2017.
In an e-mail to StreetInsider.com, Tesla said the update doesn’t reflect any change in its plans and they still plan to begin Model 3 deliveries in 2017.
"For your background, today's website update doesn’t reflect any change in our plans," a Tesla spokesperson said. "We still plan to begin Model 3 deliveries in 2017, and we adjusted the date on our marketing page to reflect more accurate timing for new/future reservation holders."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla (TSLA) volatility elevated as shares trade below $200
- Tesla, rivals joust over how to put self-driving cars on the road
- Tesla says Model 3 deliveries for new bookings in 2018
Create E-mail Alert Related CategoriesCorporate News, Trader Talk
Related EntitiesTesla, Model 3
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!