Tag

The scaling back was attributed to supply chain problems, though Mr Musk said he was confident the company could deliver 500,000 cars a year by 2020, noting that Tesla produced only 600 cars in 2010.

Model X and Model 3Tesla said in its second-quarter letter to shareholders that its upcoming fully electric SUV, Model X, “remains on track for start of deliveries in late Q3″. Therefore, “in a choice between a great product or hitting quarterly numbers, we will...