Ramping up production of its new Model 3, has been more challenging than Tesla expected. The automaker delivered just 220 of its new entry level electric car in the third quarter, well below what analysts were expecting.
Overall, Tesla delivered 26,130 vehicles in the third quarter, up 4.5 percent from the same time last year.
Of the total, 14,065 were Model S, 11,865 were Model X, and 220 were Model 3.
The company said it expects to deliver about 100,000 Model S and X vehicles in 2017. That would represent a 31 percent increase over last year.
But it's the production and deliveries of the Model 3 that hold the greatest interest for investors, and were sending shares of Tesla down more than 1 percent after the market's close.
This summer, the company said it planned to build 1,500 Model 3 cars in the third quarter, but it fell far short of that goal, hurt by production bottlenecks.