Private Tesla Model 3 Event Planned in New York

Tesla invites investors to sample the Model 3

As production delays continue Tesla scrambles

To perhaps relieve fears due to continued production delays of its Model 3, Tesla scheduled a private event for investors over the weekend. 

It will be held at the Red Hook showroom, a 40,000 square foot Tesla service and leasing center opened by the electric car company less than a year ago. 

There investors will be able to examine the Model 3 up close and jump in one for a spin. Tesla is way short of its production goals of the Model 3, and the company is losing hundreds of millions of dollars as a result. Telsa is pointing the finger at parts delays leading to production bottlenecks.  

5,000 Model 3's a week promised by this time 

Telsa's production delays of its Model 3 have been highly publicized, owing to a keen desire from potential buyers to have a chance to own an economy version of a Tesla; and due to claims by Elon Musk that thousands of Model 3's would be rolling off production lines by this time. 

So far only 260 Model 3's have been built. The production delays have prompted Tesla to purchase a vehicle equipment production company so it can use all of its resources to concentrate on the Model 3, allowing it to manufacture all Tesla parts in-house. 

Tesla fans don't look to be going anywhere as it is being reported that 500,000 buyers remain on the Model 3 waiting list. From CNBC & Autoblog