NEW YORK: Tesla Motors’ goal of shaking up the automobile industry has hit a fresh speed bump as disappointing car production suggests a longer wait before it reaches profitability.

Already facing questions over a fatal crash involving its self-driving system and a controversial proposed merger with ailing solar power firm SolarCity, Tesla has now slashed its 2016 delivery targets after second-quarter output lagged behind expectations.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details