Tesla Inc. underwhelmed Wall Street with sales of its new Model 3 sedans in the fourth quarter, raising questions about whether the Silicon Valley luxury electric-car company can spark production this year and transform into a mainstream auto maker.
The company on Wednesday said it sold 1,550 Model 3s in the final three months of the year, badly missing Wall Street’s already lowered expectations. Tesla again pushed backed its goal of making 5,000 Model 3s a week by another quarter, now expected by the end of the year’s first half. The Model 3, which began production six months ago and starts at $35,000, is Tesla’s first shot at producing an electric car for the masses.The poll:
- would hit 3,000+: 7%
- would not hit 3,000: 93%
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WTI Goes Over $62
Futures mean squat, but the Dow, at 1:30 a.m. ET, January 4, 2017, is up 63 points, and more incredibly, WTI is solidly above $62, up 0.80%, at $62.12.
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