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Tesla Cuts Production Hours For Model S And X

(RTTNews) - Tesla Inc. (TSLA) is reducing production of Model S sedans and Model X crossovers, adding to concerns about demand for the electric-car maker's higher-priced and more profitable vehicles, according to the reports.

Tesla has set substantially lower daily production targets for the Model S and Model X, the reports said.

The reports noted that the company had reduced production hours for the Model S and Model X.

"We recently announced that we are no longer taking orders for the 75 kWh version of Model S and X in order to streamline production and provide even more differentiation with Model 3," Tesla reportedly said.
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