tinyfav.com
tinyfav.com October 17, 2017


Tesla Deliveries Hit Record Quarter But No Thanks to the Model 3

04 October 2017, 12:31 | Melanie Burgess

Tesla Model 3 Production Is 84% Lower Than What Elon Musk Promised

Elon Musk Powerpack pladge

That said, while the Model 3 production has not gone up to snuff, existing manufacture of Tesla's previous models did deliver in numbers. No sooner had the news come out that shares of Tesla went down by 1.5% in after-hours trading.

Tesla says this low rate is due to "production bottlenecks", attributing the issues to delays in activating a number of its manufacturing subsystems in its California auto plant and Nevada Gigafactory, which are normally "able to operate at high rate".

Ramping up production of its new Model 3, has been more challenging than Tesla expected. Further, the EV maker said that it is aware of what needs to be fixed, and are confident of resolving the issues in the near-term.

A maverick startup company founder, Elon Musk has been in the habit of making grand promises for what his various outfits - Tesla, SpaceX and Hyperloop among them - can do in the future. A slow ramp-up invited criticism from investors, and in response Tesla CEO Elon Musk said the company was focusing on building the "machine that builds the machine", that is, automating the production process to improve deliveries. The Model 3 manufacturing ramp up will be incredibly hard even if Tesla hits all of its production goals. It began its production of Model 3 during July that starts at a price of $35,000, which is half the Model S starting price.

After the bell on Monday, shares of Tesla (TSLA) declined after the company's Q3 production and delivery announcement.

Afghanistan's Security Improving Following New US Strategy: CEO
Saeed is accused by India of masterminding the Mumbai terror attack of November 2008 which left 166 Indians and foreigners dead. Abdullah: We are not giving right of veto over in foreign policy to any country.

JJ Barea on Puerto Rico damage: 'It's really, really bad down here'
The Category 4 hurricane devastated Puerto Rico with its 155 miles per hour winds. Pitbull clearly cares a lot about his friends in both Puerto Rico and Florida.

'Want Herath throughout my career' - Chandimal
Before Herath , Daniel Vettori had held the record for the most wickets by a left-arm orthodox with 362 wickets. Among these 10 instances, 11.43, the average runs scored per wicket, in Abu Dhabi Test is the lowest.

It delivered 26,170 vehicles in Q3 which included 14,065 Model S cars and 11,864 Model X cars.

Model 3. Image source: Tesla. The company knows it won't be easy, as Musk alluded to the upcoming "manufacturing hell" at the Model 3 launch this summer.

Tesla struggled to produce its cheapest model shortly after the vehicle debuted, setting back Chief Executive Officer Elon Musk's mission to reach mainstream consumers. Production has been hobbled by a bottleneck in a handful of "manufacturing subsystems", according to a company statement. The number is expected to double up by the year 2018.

Though Tesla is no longer taking orders for the Model S 75, but there are still cars being built out and you can get one in the form of an inventory model.



Other News

Trending Now

Russell Westbrook extension 'absolutely' factors into future — Paul George
Westbrook is an essential part of the team, and his play on the court definitely warrants a huge payday. Of course, the outlook is still more favorable with Westbrook signed up for the next six seasons.

Eagles at Chargers: 3 Keys to Win
That being said, the Eagles offense hasn't inspired a lot of confidence when it comes to putting up a ton of points. Rivers has to cut down on the turnovers and the offensive line needs to give him enough time to find his receivers.

Alvaro Morata pulls out of Spain squad
The Spanish national team have revealed the extent of Alvaro Morata's injury after suffering a hamstring injury ( via The Metro ). Morata's injury is a blow but with the worldwide break scheduled, it has come at the best possible time for Chelsea .

Instagram Stories gets more interactive with a new polling feature
Now just like adding a location sticker, you can add a two-answer poll on top of you Stories that friends can answer with a tap. You'll soon be able to poll all of your friends on social media, all thanks to Instagram's newest interactive feature.

Man City's Benjamin Mendy Ruled Out Until April
He then travelled to Barcelona to see a specialist earlier this week, and it was confirmed that he would be on the injured list for much of the 2017-2018 season.

Sharif's indictment in graft cases postponed by a week
The bill will be later sent to President Mamnoon Hussain and it will be a part of the law after his approval. He said the former premier's indictment has been deferred to October 9, the next date of hearing.

Raiders' JDR's son Luke Del Rio out for season with collarbone injury
The 22-year-old redshirt junior quarterback was starting in his first game against Vanderbilt since October 15 of last season. Franks won the job in spring practice over Del Rio and Notre Dame transfer Malik Zaire .

Rams continue strong start, rally past Cowboys 35-30
All they had against the Cardinals was one three-and-out possession totaling 3 yards as the defense struggled as well. In four games, the Rams have already scored 142 points, showing off a 37 point differential in the scoring as well.

Catalonia referendum: Schools occupied ahead of vote
The Catalonia independence referendum , deemed illegal by the Spanish constitution, is due to take place at the start of October. Roy said, referring to the Spanish national guard. "A lot of things have been said, and at the end there will be violence ", Mr.

8bitdo's new wireless controllers are ideal for your new SNES Classic
The same setup applies if you're playing with a Wii Classic Controller or Classic Controller Pro hooked up to your NES Classic. More than any other feature, the Virtual Console gets brought up as the one thing sorely missing from the Switch.