As per Morgan Stanley's analyst Adam Jonas, people who pre-ordered the upcoming Tesla Model 3 after the pre-order launch event in March 2016, may wait a whole year longer to finally see their EV of choice parked safely in their garages.

Adam Jonas is the person who was assigned to cover Tesla's stock, and so far, he's been known to be quite a fanboy, predicting very favourable target prices to Tesla stock. Recently, however, the tables seem to have turned.

With seemingly less enthusiasm, Jonas reportedly believes Model 3 will not be delivered until the end of 2018 and he even reduced Tesla's target price from $245 to $242 - despite the fact that Elon Musk still believes quite the opposite, namely that his company "would be manufacturing 400,000 Model 3 cars and 500,000 electric cars by the end of 2018", according to Smart Stock News. Jonas also claims Tesla would ship only 60,000 units of Model 3 in 2019 and 130,000 units two years later, in 2020.

Delaying production and extending delivery times is nothing new for Tesla, but reports see the company did successfully deliver 300 more cars than what was estiamted in the previous quarter. With that in mind, let's keep being optimistic.

You can do it, Tesla!

Nov. 28, 2016 Driving photo: Profimedia

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