Bengaluru — Tesla is likely to deliver about 5,000 Model 3s in the fourth quarter, KeyBanc Capital Markets analysts said on Wednesday, far below the brokerage’s estimate of 15,000. The numbers indicate the electric-vehicle maker may still not be out of its self-described "manufacturing hell" for the production of the $35,000 Model 3 sedan. KeyBanc analysts based their projections after conversations last week with sales people at 18 stores in the US. "We talked to stores in California doing as many as a dozen per week with around 10 being the average, and we estimate stores outside of California were doing something closer to half a dozen per week," the analysts wrote. Tesla’s shares fell 0.5% to $315.74 in pre-market trading on Wednesday. California-based Tesla made just 260 Model 3 sedans in the third quarter against its own target to build more than 1,500 due to what it called "production bottlenecks". The company said in November that it expects to build 5,000 Model 3s a week la...
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