Investing.com – Share prices of car manufacturer Tesla (NASDAQ:TSLA) fell Monday morning as investors worry about the tech companies ability to deliver.
Stocks in the company fell nearly 2.2% shortly after the morning bell.
In a report on Friday, the Wall Street Journal said the company was building major portions of the Model 3 by hand. CEO Elon Musk denied the report by posting an Instagram video of the Model 3 production line.
Investors are concerned about the company meeting Model 3 production targets after it missed its goals in the third quarter. The company has also delayed the debut of its highly-anticipated semi-truck.
Tesla delivered 26,150 total vehicles and just 220 Model 3 cars in the third quarter, compared to estimates of 25,860 and 1,260, respectively.
Despite the dip, shares in the firm are near an all-time high, up 81.52% from the year prior.