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posted by martyb on Tuesday August 01 2017, @04:41AM   Printer-friendly
from the production-needs-a-boost dept.

Tesla is beginning to deliver a small number of Model 3 cars, but there are concerns that Tesla will not be able to produce enough cars to meet demand:

Wall Street finally got to see all the details of the Tesla Model 3 during the car's launch event Friday. So far investors have given it the thumbs down with the electric car maker's shares down more than 2 percent midday Monday.

"We believe the Model 3 was as good as or better than expected, and pricing was as expected with considerable initial upsell. That said, the rubber now hits the road, and the fundamental questions remain unanswered," Bernstein's Toni Sacconaghi wrote in a note to clients Monday. "CEO Elon Musk sounds increasingly squeamish about the production ramp." The analyst cited how the $35,000 Model 3 car will not be available until early 2018 with only a higher-priced $49,000 model available this year. He also noted Musk's comment to employees to prepare for "production hell."

Speaking of "production hell", Tesla employees in California are threatening to unionize:

Employees at the electric automaker's factory in Fremont, California, have been agitating for a union since Jose Moran, a production associate, wrote a Medium post in January detailing difficult work conditions at the flagship plant. The bulk of the demands has since centered on improving equipment to reduce workplace injuries.

[...] Musk originally called injury allegations at the Fremont plant "disingenuous or outright false" but has since told employees to report injuries directly to him.

Although the base price of the car is $35,000, that can rise to $55,000 or more after options.

Also at MarketWatch, Ars Technica, and CNET.


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  • (Score: 2) by kaszz on Tuesday August 01 2017, @11:20AM (6 children)

    by kaszz (4211) on Tuesday August 01 2017, @11:20AM (#547589) Journal

    I think a gigafactory or two will prove that statement wrong in due time.

    Every car manufacturer will have a electric car. But only Tesla will have batteries to go with it ? ;-)

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  • (Score: 0) by Anonymous Coward on Tuesday August 01 2017, @01:43PM (1 child)

    by Anonymous Coward on Tuesday August 01 2017, @01:43PM (#547640)

    there are a dozen or so battery factories of same size as tesla's gigafactory in the works atm worldwide

  • (Score: 2) by Immerman on Tuesday August 01 2017, @01:50PM

    by Immerman (3985) on Tuesday August 01 2017, @01:50PM (#547643)

    Well, it does seem like his vision is to get the masses driving electric vehicles, and producing one of the critical components is probably a much more secure investment than trying to compete with the big automakers once they really get into the game.

  • (Score: 2) by ledow on Tuesday August 01 2017, @03:05PM (2 children)

    by ledow (5567) on Tuesday August 01 2017, @03:05PM (#547665) Homepage

    Again - do Tesla's batteries do anything that other's don't? Not really.

    They use the same chemistry, in the same cells, they're just produced en-masse. Are we suggesting that only Musk can do that, or that if the tech takes off that the Chinese - say - couldn't catch up and take over in a matter of weeks?

    At best he's a source of ignition for someone else's rocket. At worst, he's just throwing money away on tech we already have.

    • (Score: 2) by kaszz on Tuesday August 01 2017, @03:20PM

      by kaszz (4211) on Tuesday August 01 2017, @03:20PM (#547674) Journal

      For one he actually does something. And the point is likely the capacity and price of his batteries.
      Wouldn't surprise me either if he is already working on the next advancement.

    • (Score: 2) by cmdrklarg on Tuesday August 01 2017, @06:15PM

      by cmdrklarg (5048) Subscriber Badge on Tuesday August 01 2017, @06:15PM (#547719)

      At best he's a source of ignition for someone else's rocket.

      I think that is precisely what Musk's goal is: to light a fire under others.

      --
      The world is full of kings and queens who blind your eyes and steal your dreams.