Friday, June 29, 2018

Model 3 ramp up

(cont'd from yesterday's post)

Elon Musk has again been sleeping under his desk, not leaving the factory for days. He's personally overseeing production of Tesla Model 3 - probably not because his production manager couldn't do it but (I'm guessing) because he must convince his investors that he's committed.

Everything depends on the Model 3. Last July he claimed Tesla would be putting out 5,000 per week by December, but in a spectacular failure only about 2700 Model 3's were built the entire year (2017).

No investor has seen profits yet. To start being profitable, Tesla must reach the 5,000/week level and they're still way behind. 

Tomorrow, Saturday, second quarter numbers come out. I'll post them and investors' reactions on Monday.


(cont'd on Monday)

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