Tesla refutes reports of Model 3 delay to 2018
Tesla has had delay issues in the past, but the electric-car company says it’s on schedule with its new Model 3.
It’s a response to a report that surfaced on Inside EV Monday that said that the debut of the $35,000 vehicle would be pushed from 2017 to 2018. The report cited a slide from a June 15 presentation at a Washington D.C. conference by JB Straubel, Tesla’s chief technology officer. A slide in the presentation stated that the production year was 2018 rather than 2017.
Company shares temporarily dipped 2.6 percent Monday, the largest intraday decrease for the company since June 10.
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The company refuted the report and said that it hasn’t altered its plans to launch the car in 2017, per an emailed statement obtained by Bloomberg. Tesla spokesperson Khobi Brooklyn noted that the slide was a look “into when the Model 3 will be in full production.”
Why was the company so quick to squelch misinformation about the Model 3?