3 ms·
> That should be a huge accomplishment, but it is viewed as a failure because it is a small fraction of what Tesla initially predicted. It's a failure because
by Nokinside 9y ago
> That should be a huge accomplishment, but it is viewed as a failure because it is a small fraction of what Tesla initially predicted.
It's a failure because Tesla made financial bet that they deliver high volumes of Model 3. It does not matter if Model 3 is good car and customers love it. Tesla must ramp up their production very fast or Tesla runs out of cheap money.
Tesla has no problems with customers love the car with passion. It's the investors who will choke Musk to death later this year if he has to ask more money to continue with struggling production. He will get the money but it will have high interest rate and Tesla stock will come down 20-50 percent.
Currently Tesla is producing 20% of it's target. Their production curve is not growing steeply enough. In fact it's slowing down.
https://www.bloomberg.com/graphics/2018-tesla-tracker/ https://www.bloomberg.com/graphics/2018-tesla-tracker/