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The chief executive of & # 39; Tesla's Elon Musk to speak at an event & # 39; launch of the company
The shares & # 39; Tesla fell after the electric car manufacturer revealed that just missed expectations for deliveries and reduce its vehicle prices by & # 39; $ 2,000 in the United States.
The reduction in price, which will apply to Model S cars, Model X and Model 3, is in response to a decrease in credits & # 39; ecological tax.
Tesla said it delivered 90 700 vehicle in the three months to December.
Its shares fell by around 8% in business start of the US.
Before the declaration of the price reduction, the chief executive Elon Musk urged customers to use Tesla federal tax credits.
Of & # 39; around £ 6,000 ($ 7,500), credits are expected to be halved after the first delivery of 200,000 & # 39; Tesla vehicles in the United States.
The company also said it delivered 63 150 Model 3s in the quarter, and decreased by FactSet estimates & # 39; 64,900.
Nicholas Hyett, Analyst of Equity f'Hargreaves lansdown, said investors were expecting "the Herculean achievements".
"For most car groups are very impressive numbers – almost three times the number of & # 39; vehicles distributed in & # 39; one year is not mean feat," he added.
In the previous statement of its results, Tesla has promised to focus on the increase of its production rate, which is critical for long-term profitability of the company.
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