Tesla

PRODUCTION ISSUESTesla expects it will become profitable later this year. But that hinges on a big "if." To do so, Tesla has to ramp up production of its Model 3 electric car to 5,000 units a week. The company says it may reach that level in about two months. Just prior to a planned shutdown in mid-April, Tesla was producing Model 3s at a rate of more than 2,000 a week. … [Read more...] about As Tesla Fights to Make Profit, Wall Street Has Concerns

Tesla has faced huge production issues in recent months, falling short of their new Model 3 car production targets for the first quarter. The company’s goal was 9,766 Model 3 vehicles produced in the quarter but it only produced 8,180 cars. Tesla is hoping to produce 5,000 cars a week by the end of their second quarter. The company has also faced some negative PR due to recent crashes in their cars. … [Read more...] about Major Morgan Stanley Analyst Turns Bearish on Tesla

Electric car-maker Tesla says the autopilot system in a Model X vehicle engaged at the time the vehicle was involved in a deadly crash. The sedan hit a concrete divider and collided with two other cars on a road south-east of San Francisco, California on March 23. The car became engulfed in flames after the battery caught fire. The 38-year-old Tesla driver later died in hospital. The company said logs showed the driver had ignored earlier warnings to put his hands on the steering wheel, but it did not explain whether the system had detected the traffic barrier. "The driver had received several visual and one audible hands-on warning earlier in the drive and the driver's hands were not detected on the wheel for six seconds prior to the collision," a statement on the Tesla website said. "The driver had about five seconds and 150 metres of unobstructed view of the concrete divider with the crushed crash attenuator, but the vehicle logs show that no action was taken. "Safety is at the … [Read more...] about Federal investigators are looking into Tesla’s latest autopilot crash in Utah

Elon Musk acknowledged Sunday that Tesla, at its current production rate, would “lose money and die” if it sold Model 3 mass-market sedans at the promised price of $35,000. Despite Tesla’s Model 3 website still stating that it “achieves 220 miles of range while starting at only $35,000 before incentives;” CEO Elon Musk took to Twitter to acknowledge that the company would go bankrupt if it tried to ship starting price units before reaching a minimum production rate above 5,000 units per week. … [Read more...] about Musk: Tesla Selling $35K Model 3 Would ‘Lose Money and Die’

Experts in human behavior and auto safety have warned about the dangers of drivers becoming overly reliant on semi-automated features. That has lead some technology developers to focus on fully driverless technology, which requires nothing from passengers. Tesla has defended its iterative approach, arguing that its features, in conjunction with attentive humans, are already providing for significantly safer cars. … [Read more...] about Tesla on ‘Autopilot’ sped up, didn’t brake before crash, federal investigators say