Tesla Model 3 Estimates Slashed As Elon Musk Pushes Electric Pickup Plan

Estimates on Tesla (TSLA) Model 3 deliveries were slashed by a Wall Street analyst Wednesday, which followed conversations last week with salespeople at 18 Tesla stores nationwide.

X KeyBanc Capital Markets analyst Brad Erickson cut his estimates on Model 3 deliveries in the fourth quarter to 5,000 from 15,000. He also lowered his estimate on deliveries for the Model 3 in 2018 to 108,000 from 120,000.

Tesla is expected to announce fourth-quarter Model 3 deliveries next week, as the maker of...

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