Tesla Misses Model 3 Production Goal Over 'Bottleneck'
04 October, 2017, 00:28 | Author: Franklin Nunez
As an investor, you either relish the challenge or peer over the edge with a smidgen of trepidation.
Let me first start with the good news.
The electric vehicle maker started taking reservations for its mass-market sedan in March 2016, which is priced at US$35,000 (RM148,000) to start and is key to the company's plans to expand market share. Both the Model S and Model X have followed similar trajectories. The company now expects to deliver about 100,000 Model S and X vehicles in 2017, up 31% compared to deliveries in 2016.
The low number of Model 3s in Q3 suggest that the production process has not gone quite so smoothly, an issue that Musk will no doubt have to address in the next investor meeting.
"We believe Q3 will be the most challenging part of the Model 3 production ramp", he wrote.
But the company's delivery-to-customers performance over the last four quarters has barely moved: down 25; up 30; down 33 and up 45.
The automaker built only 260 Model 3s during the quarter ended in September, less than a fifth of its 1,500-unit forecast.
NFL Week Four Match Up: Eagles at Chargers
The Birds have had their defense decimated by injuries , and their secondary will be their most vulnerable position on Sunday. Eagles defensive coordinator Jim Schwartz said Manning released the ball in less than 2 seconds on 34 out of 52 pass plays.
Tesla delivered 14,065 Model S and 11,865 Model X units.
As it is, the average for the past two months is about 26 per week.
Musk has previously talked of Tesla production goals as being aspirational, and noting that even simple things, such as a delay in parts delivery, can have outsize consequences on production.
It says "production bottlenecks" are the reason behind it's less than anticipated delivery of its cheapest electric vehicle, but emphasised there would be "no fundamental issues with the Model 3 production or supply chain". The company understands what needs to be done and that they are confident of addressing the bottleneck of production issues in nearest term. Tesla has disrupted the global auto industry with its stylish electric cars, but it now faces growing competition from the likes of Daimler AG, Volkswagen AG and General Motors Co. Tesla's high-priced crossover, the Model X, went into production in late 2015, long after originally promised and had a slower-than-expected roll out. Nor do they justify a current valuation multiple of 29 times 2018 Ebitda.
The two were charged along with four North Korean men under Section 302 of the Penal Code, which carries the death penalty. He died on the way to Putrajaya Hospital from klia2, sparking a diplomatic row between Putrajaya and Pyongyang.
Florida Gators running back Malik Davis (20) gets stopped during the fourth quarter of the Florida Gators game against Vanderbilt. After the game , head coach Jim McElwain told reporters Del Rio would be out the rest of the season.
This is not to say that they played badly, they still managed to cross 300, but the victory was agonisingly close for them. Got a pretty good opening partnership, but we needed one big partnership, chasing 330, which we didn't get.
Sharif and his children Hussain, Hassan and Maryam; and son-in-law Mohammad Safdar - are now expected to appear on October 9. Dawn reported: "The former PM had arrived around 8:30 am at the court amid tight Rangers deployment".
At that point, Sri Lanka had their nose ahead in what was until then a race between tortoises and were looking at a handy lead. The 136 set Pakistan was Sri Lanka's lowest defended target, improving on the 168 they set Pakistan in the Galle Test in 2009.
While the allied strategy includes working more with nations in south Asia, plans remain in their formative stages, Mattis said. An investigation into both the attack and the malfunctioning ammunition has started, according to the statement.
The Bills defense allowed the Falcons to move the ball but stiffened inside the red zone and forced the field goal try. Tevin Coleman rushed nine times for 79 yards and caught 4-of-6 targets for 65 yards in Week 4 against Buffalo.
The deal will keep the 28-year-old point guard in Oklahoma City through to the 2022/23 season, after which he will be 34. If Westbrook and Anthony are committed to staying, coupled with a successful season, George's decision becomes tougher.
A Benitez team has yet to lose to Liverpool , and Sunday's visit to Newcastle will be his former club's fifth attempt. Rafa Benitez has refused to to rule out a possible return to the Liverpool dug out one day.
Rohingya Muslims could go back to Burma, says minister
Four Hindu organizations have sought permission to take care of orphaned children and elderly victims of the violence in Maungdaw. It is 287 km away from the deep sea port India is building up at Sittwe, which is also the capital of Rakhine.
'Let's Make A Deal' Host Monty Hall Dies At 96
Monty presided over 4,700 episodes of Let's Make a Deal - since he was not only host but also co-creator of the famous game show. In the end, Monty Hall said that he wanted to be remembered for helping people rather than his celebrity status.
Puerto Rico makes emotional plea for help
She explains to him that Puerto Rico is, in fact, part of the United States. "Oh, really, Donald? You b***h", Che added. He also noted that he and the first lady will be traveling to Puerto Rico and possibly the U.S.