Advertisement
Global  

“News neutrality by unbiased coverage”
One News Page
> >

Tesla in Trouble - As Musk Ditches Robot Support

One News Page Staff Wednesday, 18 April 2018
Tesla in Trouble - As Musk Ditches Robot Supportby 👨‍💻 Graham Pierrepoint

Tesla is just one of many strings that Elon Musk has to his bow – and while the pioneering vehicle manufacturer wants to try and change the vehicular world for the better in many ways, it has been struggling in recent history to try and turn around a reliable profit. Following an April Fool joke played by Musk with regard to his own bankruptcy and the future of Tesla, many are genuinely concerned about what will happen to the firm in the near future – and news that a big production line is being shut down for a short period means mixed news all round – while it could mean that the firm picks up the pace on certain production, some staff have been caught off-guard.

Production on the Tesla Model 3 has been ceased temporarily largely thanks to what Musk has referred to as ‘manufacturing hell’ as a result of ‘excessive automation’ – it’s thought that the line will pause for up to five days to allow for said automation and processes to get back up to speed. “These periods are used to improve automation and systematically address bottlenecks in order to increase production rates,” a spokesperson has advised.

Tesla Temporarily Halts Production of Model 3
Watch: Tesla Temporarily Halts Production of Model 3

Some staff on the line, however, have advised that the news came as a surprise – with some having to take vacation time in light of the temporary changes being brought into effect. The news that Tesla is needing to take time away from the production schedule comes as it is suggested that the firm is missing targets it has set for itself – with Musk’s enterprise aiming to build up to 2500 cars per week – with around 2000 per week being met instead. Musk, however, has remained open about the ups and downs that Tesla has faced and stays positive about the future – claiming that he expects to see the firm become profitable by the end of 2018 without the need for external financing.

Confidence in Musk may be high, though in Tesla, it is mixed. Following delays on the production line and in the delivery schedule, this is a brand which is in dire need of turning its fortunes around sooner rather than later – perhaps a brief pause to the Model 3’s production schedule is one which will help the car giant reach its goals in the months to come – let’s review in the third and fourth quarters!

0
shares
ShareTweetSavePostSend
 
Credit: Wochit News - Published < > Embed
News video: Tesla Spikes After Musk Ramps Up Model 3 Production Goal

▶ Tesla Spikes After Musk Ramps Up Model 3 Production Goal 00:47

Tesla CEO Elon Musk reportedly wrote a letter to employees saying the company would target the production of 6,000 Model 3s a week by the end of June. Shares of the electric-car maker were up more than 2% ahead of Wednesday's opening bell. Shares of Tesla were rallying early Wednesday, trading up...

You Might Like


Recent related videos from verified sources

Tesla Is Finally Making An Affordable Tesla [Video]Tesla Is Finally Making An Affordable Tesla 00:32

Electric car maker Tesla is finally offering a less expensive version of its Model 3 electric car. Business Insider reports that the company has released and is taking orders for a "lower cost,..

Credit: Wochit - Published

Tesla Shares Show Signs of Life After Elon Musk's $20M Settlement [Video]Tesla Shares Show Signs of Life After Elon Musk's $20M Settlement 01:03

Many skeptics might have thought Tesla would have a tough time recovering after the Securities and Exchange Commission charged founder Elon Musk with fraud allegations. But Tesla shares are on the rise..

Credit: GOBankingRates - Published

Tesla Commits To Huge Investment In China, Just As Market Slows [Video]Tesla Commits To Huge Investment In China, Just As Market Slows 00:44

Automotive News reports Tesla's breakthrough deal to secure land for a Shanghai factory commits Tesla to a multibillion-dollar investment just as the Chinese vehicle market falters. The company secured..

Credit: Wochit Business - Published

Tesla's Manufacturing VP Exiting The Company [Video]Tesla's Manufacturing VP Exiting The Company 00:34

Gilbert Passin is Tesla's vice president of manufacturing. Sources tell Business Insider that Passin has left the company. Passin joins a long list of high-level employees from all parts of the..

Credit: Wochit Tech - Published

Elon Musk's SEC Settlement Approved by US Federal Judge [Video]Elon Musk's SEC Settlement Approved by US Federal Judge 01:10

Elon Musk's SEC Settlement Approved by US Federal Judge Tesla's shares jumped nearly 5% after the news broke. The SEC previously accused Musk of fraud when he said he had secured the funding needed..

Credit: Wibbitz Top Stories - Published

Tesla Announces It Secured Land for Shanghai Gigafactory [Video]Tesla Announces It Secured Land for Shanghai Gigafactory 00:28

Tesla announced plans to build a new gigafactory in China back in July.

Credit: Newsy Studio - Published

Yet Another Tesla Executive Leaves [Video]Yet Another Tesla Executive Leaves 00:37

Yet Another Tesla Executive Leaves

Credit: Wochit Business - Published

Elon Musk will buy another $20 million in Tesla stock [Video]Elon Musk will buy another $20 million in Tesla stock 00:39

Elon Musk will buy another $20 million in Tesla stock

Credit: Wochit Business - Published


Recent related news from verified sources

Tesla’s woes unlikely to end soon, but startups can take a cue

“Funding secured.” When Tesla founder and CEO Elon Musk tweeted the above statement early August, it kickstarted a series of things: Tesla stock jumped from...
The Next Web - InternetAlso reported by •SeattlePI.com

FT says Murdoch in line for Tesla chair. Musk reply: incorrect

Outgoing Twenty-First Century Fox Inc Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla Inc chairman, the Financial Times...
Reuters - BusinessAlso reported by •Reuters IndiaSeattlePI.com

Tesla and embattled CEO Elon Musk back approval of SEC settlement

Tesla (NASDAQ:TSLA) and its CEO Elon Musk are voicing their support for the $40 million settlement agreement reached this month with the Securities and Exchange...
Proactive Investors - BusinessAlso reported by •SeattlePI.comNewsy

Tesla starts off 4Q with strong production numbers; Musk tweets about climate change

Tesla Inc (NASDAQ:TSLA) was once no stranger to production issues, but the electric-vehicle company seems to have found its way back on track lately. The...
Proactive Investors - Business


Tweets about this


Other recent news in Business

PAUL ALLEN: Secret life of 'accidental zillionaire'MELINDA GATES SPEAKS ON SMOOTHING THE SHIFT TO DIGITAL AGE
ITALIAN BANK SHARES SINK TO LOWEST LEVEL SINCE EARLY 2017Germany's SOFTWARE AG to consider M&A after strategy review
•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2018 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest