‘Production Hell’ for Tesla: Where on Earth is the Model 3?
Despite previous April fools pranks from Elon Musk last week, there’s little to joke about with the stock’s performance. It’s been calculated that Tesla could face bankruptcy by 2025, with present-day issues to consider. The short-term outlook for the much-lauded company is mixed; with a 20% rally last week but ongoing problems.
One such problem being the Model 3, referred to as putting the companies production teams through ‘Hell’. It’s a recurrent theme as a problem and solution to the company’s current shaky position. The Model 3 is a powerful combination of a car. Able to provide a high-spec driving experience while cutting down on cost.
It’s a reputation that is validated, becoming America’s most sold electric car. But the question remains for investors and would-be buyers: Where on Earth is the Model 3?
Where on Earth is Teslas Model 3?
Priced at $57,500, the Model 3 has received rave reviews from journalists and car critics worldwide. But for a car with a lot of social media and news traffic circulating around it, the number produced is remarkably low. This statistic is demonstrable by Bloomberg’s tally, showcasing the sluggish production rate.
At present, Tesla has produced 14,029 with a further 2,313 entering manufacturing each week. These figures show that while Musk has been able to create a show stopping car. It’s not capable of supplying the feverish demand for what the company seeks to pride itself on.
Model 3’s ‘Production Hell’
These are improved production outputs when compared to ‘production hell’ in February. With production stopping until the factories could resolve ongoing bottlenecks which limited production. Issues with welding previously hamstrung manufacturing, but this is a theme that’s not going away.
Tesla is tied to both an increased production output for its Model-3’s while also adding new features. One being a dual motor for front and back weeks, which are due to roll-out for ‘Mid-2018’, or July ideally. According to Musk’s Twitter, Production needs to reach 5,000 a week before these additions can be made.
But will they be able to do that? Especially with so many wondering what the hold-up is already? The production of these cars is taking place, but at a pace far slower than the ravenous demand.
