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Tesla’s failures: the production of Model 3 electric cars has been broken

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Tesla’s failures: the production of Model 3 electric cars has been broken
October 04
15:00 2017

The most famous and promising manufacturer of electric vehicles in the world – American company Tesla Inc has failed the production of Model 3. We recall that this model was supposed to be the world’s first mass electric vehicle by the company’s management. For the third quarter of this year it was planned to produce about one and a half thousand cars, but in reality the American concern has managed to collect only 260 electric vehicles of this type.

Tesla has issued a press release explaining the reasons for the production failure. It says that the company does not experience any problems either with component suppliers or logistics. The factories in California and Nevada easily cope with the increased load. The reason for the failure is the longer, compared to the planned one, re-tuning of production capacity under a heavy workload.

The result of such a long process of adjustment was the fact that in three months only 220 new electric vehicles were transferred to the owners.
The pilot Electric Model 3 saw the light in July this year. The first electric car owner was Elon Musk . The new Tesla cost the owner of the company 35 thousand US dollars. Thus, the new model of the electric vehicle is almost twice cheaper than previous versions.

The company’s plans were to produce a hundred cars during August as well as one and a half thousand of electric vehicles during the first autumn month. At the end of the year, Elon Musk planned to organize production facilities in such a way that at least five thousand new cars would roll off the assembly line in a week.

The company management doesn’t have to worry about the demand; two months ago Tesla received about half a million applications for the purchase of a new electric vehicle Model 3.
News about the disruption of the production had a negative impact on the shares of the American company, the trend will continue for some time, and then you should expect the wagering of this asset.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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