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2017-10-08 — seekingalpha.com
The WSJ report indicates that Tesla is still where I thought it was back in July. And the article points out that there is limited value in hand assembly of Model 3 at this point, since it doesn't serve to test out the final assembly process.
Hand assembly of the Model 3 now seems mainly designed to soothe investors by convincing them that Model 3 "production" has started. What I find so distressing about this is that increasingly, Tesla's actions seem to be governed not by technical necessity but by the need to keep investors sold on Tesla. ... I think it remains a foregone conclusion that Tesla will not achieve its goal of 5,000 Model 3/week production by the end of the year. But I consider it a distinct possibility that Tesla will not even meet my "Pessimistic Scenario" of 2,500/week by the end of the year. This will impose even more financial strain on the company and probably necessitate yet another capital raise early next year. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |