Tesla stock falls on Model 3 delays, biggest-ever quarterly loss
Firm faces a crucial test in its growth strategy as it ramps up production of its new sedan
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TESLA Inc on Wednesday pushed back its target for volume production on its new Model 3 sedan by about three months, saying it was difficult to predict how long it would take to fix all production bottlenecks.
The company also reported its biggest quarterly loss ever, sending shares down nearly 5 per cent after hours as the loss was bigger than analysts had expected.
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