Tesla (TSLA) Still Plans 2017 Model 3 Deliveries

October 18, 2016 1:33 PM EDT

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

Related Categories

Corporate News, Trader Talk

Related Entities

Tesla, Model 3

Add Your Comment