The recent numbers regarding Tesla Model 3 has had its issues for quite a while now.

According to Fortune, the number of Model 3s being delivered in the United States was lower than what analysts had predicted for the fourth quarter. The estimate for the final three months of 2018 had been 63,700. However the final number wasn’t quite there. Tesla ultimately delivered 63,150 Model 3s in their last quarter. Despite falling below predictions, the company still managed to perform better here than they did in the third quarter.

The Pwn2Own contest has chosen the Model 3 for their competitors to hack into. It’s a first for this contest, making this an unprecedented move. Furthermore, it will be the only vehicle to participate in the automotive category. The idea is that the hackers will have to try and find a new way to compromise the security of the Model 3. Whoever wins in this category gets to take this sexy, powerful vehicle home as their prize.

The contest in question- often referred to as just Pwn2Own- is arguably the largest event for competitive security research.

 

The caveat is that, when a car manufacturer delivered their 200 000th EV, the tax credit would be slashed from $7500 USD to $3750 USD. That happened to Tesla during the summer of 2018, after they hit the aforementioned goal. By early January of 2019, Tesla responded by knocking the price of their vehicles- including the Model 3- by $2000. This move was clearly intended to make up for the reduction in the EV tax credit for consumers.

The lowering amount of Model 3s being delivered in the U.S. is clear, but it’s not just the only consequence of the EV tax credit being cut. Tesla’s stock has also taken quite the hit because of this mess. As of now, the car company’s shares fell to as much as 8 percent to $306 USD prior to regular trading. This is in comparison to when their stock had advanced by 6.9 percent in 2018. Not only that, but that increase occurred while most car companies saw their stocks decrease.

Tesla’s CEO Elon Musk has revealed his next steps in increasing the number of Model 3s being delivered. By February of this year, the company will begin to fill in orders for the Model 3 in China and throughout Europe. This is expected to make up the delivery decrease seen in the U.S. While it’s not guaranteed to fix the entire problem, it’s certainly a step in the right direction. Here’s hoping that with this, Tesla’s numbers- and stock- will see a positive change in a few months time.

 

Source: Fortune; The Verge

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