"While we continue to make significant progress each week in fixing Model 3 bottlenecks, the nature of manufacturing challenges during a ramp such as this makes it hard to predict exactly how long it will take for all bottlenecks to be cleared or when new ones will appear", the company said.
Complications with Tesla's manufacturing processes have slowed production of the Model 3, a auto widely considered key to Tesla's future success.
"We continue to make progress resolving early bottlenecks related to these issues, and there remain no fundamental problems with our supply chain or any of our production processes", Tesla said in the letter.
With the addition of Model 3 as a compelling, high-performance and long-range electric vehicle that is also affordable, the Tesla fleet should grow even faster in the years ahead.
In a letter to investors, the company said it expects to be able to produce 5,000 Model 3 vehicles per week by late in the first quarter of next year. The stock recovered 53.6% since its low point and has performed 45.22% year-to-date.
FILE PHOTO: A Tesla charging station is seen in Salt Lake City, Utah, U.S. on September 28, 2017.
Tesla said the bulk of its production issues have to do with its Gigafactory in Sparks, Nevada.
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Asked what he meant by the signal, Mourinho retorted: "Calm down, relax a little bit". Both teams were trying to win but both knew the opponent was strong.
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The company said it has a cash balance of $3.5 billion entering the fourth quarter.
Tesla's shares jumped slightly on Tuesday when Panasonic's CEO Kazuhiro Tsuga, a production partner, said the Model 3's delays came from problems in automating its battery production line and those problems have been addressed.
Tesla's continued need for cash is exacerbated by Musk's insistence on vertical integration, such as making its own batteries and selling cars directly to customers.
Tesla previously said it would make 1,500 Model 3's during the last quarter, but the firm dramatically undershot that goal. That, industry experts say, is among the reasons Tesla is nowhere close to its aggressive goal of building 500,000 vehicles annually by next year, majority Model 3s.
The news wasn't entirely bad for Tesla, however, the carmaker reporting revenues for the third quarter of $2.98 billion, a record, and up from the consensus forecast of $2.95 billion.
Other institutional investors have also bought and sold shares of the company. So far, the company has reported that only 260 have been produced.