Caldwell said that the Model 3 delay also "definitely doesn't help" Tesla's case with bankers and investors should it need to raise additional cash for its operations, but that Tesla was "still in a reasonable period of expectations" for eventually reaching its production goals. Tesla didn't come close to achieving an initial goal to manufacture that many sedans a week by the end of a year ago.
The company said it has made "major progress" toward eliminating Model 3 production bottlenecks.
Tesla had originally said it would ramp Model 3 production up to 5,000 cars per week by the end of 2017 and then reach 10,000 per week this year. In total Tesla produced 24,565 vehicles in the quarter, of which 2,425 were Model 3s. First off, it looks like VINs up to ~3,000 were registered in 2017 and considering that Tesla skips VINs for some reasons, I think we can roughly estimate it could indicate that the automaker could have produced just over 2,000 Model 3 vehicles in 2017.
Time for DOJ to act on Abedin, Comey?
Ethics experts said Comey's actions appeared to be legally protected, provided he did not disclose classified information. Trump's "deep state" comment suggests the Justice Department is composed of powerful interests working to undermine him.
"It is impossible to purchase cylindrical batteries within Japan and we were even notified by Panasonic that they are not going to sell cylindrical batteries anymore." said a representative for a Japanese battery distributor, .
According to CNN Money, the 23 analysts, offering 12-month forecasts regarding Tesla Inc's stock price, have a median target of $310.00, with a high estimate of $500.00 and a low estimate of $155.00. Tesla said it was its "all-time best quarter" for combined Model S and Model X deliveries.
Tesla has yet to detail the production problems at its manufacturing plants. Among the issues Tesla faced was its battery module assembly line at its Nevada Gigafactory, which required a redesign. The company said it was not able to deliver numerous Model 3s it built because of a production spurt that came just before the holiday season.
In July, CEO Elon Musk tweeted that the company could most likely produce 20,000 Model 3s a month by December. Considering the timing of Musk's most recent announcement, it seems like the California-based firm is gearing up for a massive increase in activity as the Model 3 approaches its target production numbers. If you signed up to get a auto when it was revealed in 2016, you can now expect to wait until late 2018 or 2019 to get your ride.