Tesla (TSLA) Still Plans 2017 Model 3 Deliveries
- Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
- Wall Street slips on earnings; Apple falls late after results
- Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
- Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
- After-Hours Movers 10/25: (OGXI) (AKAM) (VRTX) Higher; (EW) (NUVA) (CMG) (AAPL) Lower (more...)
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your 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) weekly volatility increases into Q3 and outlook
- Tesla (TSLA)/SolarCity (SCTY) Deal Spread Lowest Since Late August
- Tesla (TSLA) Announces Self-Driving Hardware for All Vehicles in Production; Includes Model 3
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!