Definition: In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Input: Tesla announced that it delivered 12,420 Model S’ and 2,400 Model X’s in the March quarter. The 14,820 total falls short of the 16,000 guidance that the company gave on February 10 when it announced its December quarter results. The stock was down over $10 to $236.50 in the after market post the press release but that is essentially what it was up on Monday. I still believe that Tesla’s shares are set up for a buy the rumor (Model 3), sell the news scenario. 
  
 Model S’ deliveries were 24% higher than a year ago which is a significantly lower growth rate than the 76% in the December quarter, 49% in the September 2015 quarter, 52% in the June quarter and 56% in the March quarter. However in the press release Tesla said that Model S first quarter orders were 45% higher than a year ago so it is keeping its full year guidance of 80,000 to 90,000 vehicles. However Tesla had a push on in February with lease incentives so that could be what generated the strong Model S orders. If Model S demand is waning it may not show up until the second half of this year. 
  
 Management must have known hitting guidance had lower odds 
  
 Tesla wrote in its press release “The Q1 delivery count was impacted by severe Model X supplier parts shortages in January and February that lasted much longer than initially expected.” What I find concerning about this statement is that management gave its March quarter guidance on February 10, pretty far into the quarter and would have been in full knowledge of the parts problems. 
  
 Tesla owns up to the issues in the press release. It said “The root causes of the parts shortages were: Tesla's hubris in adding far too much new technology to the Model X in version 1, insufficient supplier capability validation, and Tesla not having broad enough internal capability to manufacture the parts in-house." 
  
 I’m sure they had thought this through and had all sorts of plans to get the parts they needed and manufacture the cars. But it is troubling since this repeats the pattern of Tesla over promising and under delivering when it knew it had major problems. Even though there were only shortages of half a dozen parts besides needing them once you get them you just can’t quickly finish building a car. 
  
 What this means for the Model 3 ||||| Tesla Motors unveiled its latest electric car, the Model 3, on March 31, with a lower price tag and 2017 delivery date. Tesla chief executive Elon Musk heralded the Model 3 as a way to accelerate the world's "transition to sustainable transport." (Jenny Starrs/The Washington Post) 
  
 Most of the best selling cars in America, such as the Honda Accord or Nissan Altima, generally hit around 300,000 in sales every year. 
  
 Tesla saw 276,000 people sign-up to buy its newest all-electric Model 3 sedan — in two days. 
  
 That massive number, which far exceeded optimistic forecasts, upends traditional thinking about how to sell cars and is expected to spur the auto industry to shift more dramatically to market electric technology to consumers, analysts said. 
  
 “We’ve never seen anything quite like this in the auto industry,” said Jessica Caldwell, a senior analyst at Edmunds.com. “It is unprecedented.” 
  
 Mainstream car manufacturers have long dabbled in electric technology and some have made a bit of headway in getting such vehicles on the road. But the category was a niche, measured in thousands — not hundreds of thousands — of cars sold. 
  
 Tesla now appears to be doing what no other has so far been able to accomplish — sell electric cars to big crowds. 
  
 A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch on March 31 in Hawthorne, Calif. (Joe White/Reuters) 
  
 The company has received nearly as many Model 3 reservations in the past several days as some automakers produce in a single year. Mazda sold 319,000 vehicles in the United States in 2015, according Caldwell. Lexus sold 344,000. 
  
 Even if some pre-orders for the $35,000 Model 3 are cancelled — or if Tesla struggles to meet such demand, which many analysts say is likely — the company has shown that consumer appetite for a well-designed car can be robust, even if it is purely electric, said James McQuivey, an auto analyst at Forrester. 
  
 “It’s a watershed moment for rethinking vehicles all together. Tesla is putting together the idea a vehicle needs to be cutting edge and cool, more like an iPhone than like a Model T,” McQuivey said. “It’s changing what we mean when we buy a car and what it says about us.” 
  
 [The top 7 design features of the Tesla Model 3] 
  
 He added: “Years from now we’ll look back and say Tesla started an electric vehicle revolution. But that’s not because the people buying Tesla thought of it as an electric vehicle revolution.” 
  
 Some of the additional comfort consumers may now have with electric technology is due to advancements in the batteries as well as the public infrastructure, analysts said. Drivers generally no longer need to fear running out of juice on the road, stranded without a power outlet. The Model 3, for instance, has a range of 215 miles, similar to that of a rival from General Motors, called the Chevy Bolt, which is priced in the low $30,000s. 
  
 Here’s the Chevy Bolt, the main rival to the Tesla Model 3. (Paul Sancya/AP) 
  
 And the number of publicly stationed superchargers — which can recharge a battery in a matter of minutes rather than hours — will double to 7,200 by the end of next year, Tesla said. The company also expects its network of car chargers to grow to roughly 20,000 locations by the same time. 
  
 Of course, some of the intense demand for the Model 3 may simply be the fruits of Tesla’s public-relations strategy, which centers on its charismatic chief executive, Elon Musk. Interest in his newest creation was helped by the critically acclaimed reviews of the company’s more expensive models as well as flashy presentations that featured his cars’ cutting-edge tech, such as the ability to summon the car, with no one inside, through a smartphone app. 
  
 [How to buy a Model 3, in 3 simple steps] 
  
 “The Model 3’s huge reservation list should serve as a big wake-up call for the rest of the industry,” said Kelley Blue Book analyst Tony Lim. “Tesla just did a lot of heavy lifting to attract attention to the EV segment. Now is the time for competitive manufacturers to begin leveraging this momentum that Tesla created and building awareness to their fully electric vehicles that have comparable performance and appeal.” 
  
 The surge in orders is all the more impressive because most people will be paying an average of $42,000 for the Model 3, Musk said. The $35,000 model is a stripped down version. 
  
 By comparison, most of the best selling sedans in the country generally cost $25,000 or less. 
  
 Indeed, tens of thousands of customers lined up outside Tesla’s stores to order the car last week, with some camping out in tents to make sure they were among the first to put down their $1,000 deposits — even though Model 3 is not expected to be delivered until the end of next year. 
  
 “In regards to the recent news, we’re certainly pleased to see such strong demand for affordable long range EVs,” said GM spokesman Fred Ligouri. “We trust that the initial interest from consumers will continue when the Bolt begins production later this year.” 
  
 After the company announced its latest pre-order number on Monday, shares of Tesla jumped about 4 percent in regular trading. 
  
 Yet significant doubts linger over whether Tesla can ever manufacture that many cars. “Definitely going to need to rethink production planning,” a giddy Musk tweeted Friday when orders for the Model 3 had hit a mere 198,000. Tesla has never delivered more than 5,850 cars in a month, according to estimates by Inside EVs. And it has experienced delays in delivering its SUV, the Model X. 
  
 Tesla on Monday said that its “hubris in adding far too much new technology,” the lack of oversight over its suppliers, and not having enough internal capacity led to a shortage of parts for the Model X. 
  
 But Musk has expressed confidence in being able to meet demand for the Model 3, noting last week that Tesla’s Fremont, Calif., factory had produced 500,000 cars per year — albeit under a different owner. |||||
Output:
Electric cars used to be a quaint novelty for a niche demographic. But the throngs trying to nab one of Tesla's new Model 3 sedans are turning a one-time fad into a phenomenon. The Washington Post reports that in two days' time, 276,000 people preordered its latest vehicle, adding for context the fact that popular cars such as the Honda Accord also reach close to the 300,000 mark—each year. "We've never seen anything quite like this in the auto industry," says an Edmunds.com analyst. "It is unprecedented." And even if all of those Model 3 hopefuls don't end up behind the wheel—the Post notes some may cancel, or Tesla may have a hard time producing that many, per a Forbes warning and even CEO Elon Musk's own recent tweet—it's still an indicator that electric cars can sell, and sell well. "Tesla is putting together the idea a vehicle needs to be cutting edge and cool, more like an iPhone than like a Model T," says a Forrester auto analyst. The popularity of the Model 3—around $35,000 for the most basic version, closer to $42,000 for a typical tricked-out model—is likely due to a combination of factors, including better battery life, more charging stations, and even the appeal of Musk himself. And what one Blue Book analyst says is a "big wake-up call for the rest of the industry" has definitely caught other manufacturers' attention. "We're certainly pleased to see such strong demand for affordable long-range EVs," says a rep for GM, which is coming out with its own electric car, the Bolt, later this year; Nissan's CEO tells Automotive News the Tesla preorders are "good competition." In the meantime, Tesla is getting most of the accolades. "Years from now we'll look back and say Tesla started an electric vehicle revolution," the Forrester analyst tells the Post. (Seven things to know about the Model 3.)