Tesla Model 3 is Tesla Inc.'s highly anticipated electric vehicle. It is set to launch later this year and will go up against the Chevrolet Bolt and the Nissan Leaf. A new report claims it may miss its launch deadline. According to a report by Auto Blog, the Silicon Valley EV manufacturer will unlikely meet its summer goal to start its Model 3 production. Previously, reports suggested that the company was set to begin their production last month, but it seems that they were not able to start on time. Now, the new deadline also seems unlikely as well. The report continues to say that as a consequence of the delay, one analyst downgraded the automaker's stock. Goldman Sachs' David Tamberrino reduced his recommendation on the stock causing Tesla's shares to fall 4.1 percent on Monday. Tamberrino wrote that the summer deadline wouldn't be met. Moreover, the analyst even believes that Tesla's stock will suffer a further plunge of 25-percent.