The Business Times
SUBSCRIBERS

Tesla's first mass-market electric car, the Model 3, hits production this week

The firm will sell the mid-priced car for about US$35,000

Published Tue, Jul 4, 2017 · 09:50 PM

New York

TESLA'S long-awaited mass-market electric car will begin rolling off the assembly line this week. But even as it moves ahead, the carmaker is encountering challenges to its ambitious plans for growth.

On Monday, it acknowledged that it had experienced a "severe shortfall" in production of 100-kilowatt battery packs that use new technologies and are made on new assembly lines.

As a result, Tesla's output of 25,708 cars in the…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here