Oppenheimer: Tesla Model 3 Production Problems Tied to Suppliers

Tesla’s Model 3 production problems stem from a small number of suppliers that have failed to deliver on time, according to Oppenheimer & Co.

At least one of those suppliers has been fired, Oppenheimer & Co analysts wrote in a research note emailed to Fortune on Monday. The investment bank shared its insights on Tesla following a dinner it hosted for the automaker.

Earlier this month, Tesla reported it produced 260 of its new Model 3 electric cars in the third quarter, of which it delivered 220, dramatically missing CEO Elon Musk’s prediction that the company would produce more than 1,600 cars by September.

via Tesla Model 3 Production Bottleneck Tied to Suppliers | Fortune