News Worms
News Worms


Examining Tesla Model 3 Production Goals - Are Targets Even Feasible?

Examining Tesla Model 3 Production Goals - Are Targets Even Feasible?

Tesla shares are up 67 percent this year, pushing the company's market value to about $60 billion, above that of top USA automakers General Motors Co and Ford Motor Co, even though Tesla has yet to make an annual profit.

Total orders for the Model 3 tumbled to 455,000 from a high of 518,000, CEO Elon Musk told reporters, but the news of the defections didn't seem to bother the billionaire tech entrepreneur.

Given the strong name recognition of founder Elon Musk and the stellar performance of Tesla's stock - up 67% this year - the deal certainly had no problem drawing attention.

Meanwhile, the company is burning cash at a rapid rate. Just consider that the most efficient combustion engines today do not exceed 30 percent efficiency. But Tesla is raising money because it's critical it has an insurance policy if the Model 3 ramp hits any unexpected issues.

Tesla Inc.'s (NASDAQ:TSLA) CEO Elon Musk has always been a controversial and vocal mouthpiece for the electric vehicle company, often to the detriment of the company's stock.

Musk cites volume, velocity, and density as the three main factors affecting overall production. The session, which featured a gleaming blue Model 3 on display, was part of a four-day debt-marketing extravaganza, which included an invitation from Musk for investors to tour the company's assembly plant.

But short sellers weren't the only ones with a dour opinion of Tesla.

"However, we still expect to achieve full self-driving capability with safety more than twice as good as the average human driver without making any hardware changes to HW 2.0", the spokesperson said. That's the conclusion of analysts combing through terms of the company's plan to raise $1.5 billion with its debut offering in the junk-bond market. Separately, the rank-and-file Tesla employees we talk to believe shares of Tesla are undervalued, and that the company will be much bigger 10 years from now.

Tesla is counting on the Model 3, its least pricey auto, to become a profitable, high-volume manufacturer of electric cars.

Just as most manufacturers do with small SUVs, Tesla will be basing its Model Y crossover off a compact sedan, in this case its semi-released Model 3.Previous to Tesla's second quarter earnings.

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