Tesla shares fell in early trading after the electric car maker missed industry forecasts for deliveries of its budget Model 3 car and announced price cuts to offset lower tax incentives. Shares slid 8.4pc in early dealing, wiping $5bn (£4bn) off its market value, as the company reported that in the three months to the end of December it delivered a total of 90,700 cars, up 8pc on the record set the previous quarter. Deliveries of Model 3s in the period were 63,150, a 15pc rise and in line with Tesla’s guidance but slightly below the 63,700 analysts had been expecting. The $44,000 Model 3 is seen is the most important car for Tesla, with founder Elon Musk touting it as a more affordable vehicle… To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register for free Register for free to continue reading this article Register Or unlock all Premium articles, free for 30 days Start trial Already have an account? Login Want to learn more? View all subscriptions
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