Electric car manufacturer, Tesla, has announced it has tripled its deliveries of its cars for the last three months of 2018, despite a 9% share price fall last Wednesday (2 January).
The company had delivered just 29,870 in the same period a year previous, however despite a large number of cars being delivered, deliveries of the company’s cheapest vehicle, the Model 3, were less than expected. A Tesla spokesperson said deliveries were roughly in line with wider expectations on Wall Street.
Tesla also failed to keep its promise of delivering 100,000 Model S and Model X cars during the year, with 13,500 Model Ss and 14,050 Model Xs delivered in the fourth quarter. In the US the company announced it was to reduce the cost of its Model S, Model X and Model 3 vehicles by $2,000 (£1,569), partly offsetting the expiration of federal tax credit for electric vehicle purchases.
Last year Musk pushed to boost sales of the Model 3 last year as the end of the tax break approached, implementing a deadline to 5,000 Model 3s per week by the end of June.