United Kingdom  

“Britain's speediest news portal”
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

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!

9
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: Wochit News - < > 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...

Recent related news

Major Reorganization Going On At Tesla

Tesla is undergoing a major reorganization that includes streamlining activities and functions to improve its performance, the company confirmed after the Wall...
OilPrice.com - Markets

After Math: Rise of the robot albatrosses

After Math: Rise of the robot albatrosses
While the internet spent the last week virtually paralyzed by the Yanny/Laurel debate, the wheels of industry kept turning. Elon Musk promised rides aboard the...
TUAW - Technology

Musk’s ‘Short Burn’ Promise May Fall Short Amid Tesla Executive Exodus

Tesla has seen a lot of senior executives depart from the company in recent months, which doesn’t bode well for Elon Musk’s promise of the “short burn of...
OilPrice.com - Markets

Musk: Thousands Of Supercharger Stations Under Construction

Tesla has thousands of Supercharger “locations” under construction or awaiting construction permits, Elon Musk said in a tweet responding to Kevin...
OilPrice.com - Markets

You Might Like


Tweets about this


Other recent news in Business

ABRAMOVICH in visa limbo as UK stalls in accepting renewal applicationCHINA AGREES to import 'significantly' more goods from US
Briton SIMON YATES tightens his grip on Giro d’Italia crownUS-China TRADE WAR 'on hold' as America backs off on tariffs
German companies worry Trump moving toward 'AMERICA Alone'AIB introduces in-app TRAVEL INSURANCE

Recent related videos

News video: 'Driving Feel Is Amazing': Elon Musk Teases New Specifications

▶ 'Driving Feel Is Amazing': Elon Musk Teases New Specifications 00:39

Hollis Johnson/Business Insider Tesla CEO Elon Musk gave a status update to his company's upcoming dual-motor all-wheel drive and performance version of the Model 3. Musk said that the new Model 3's..
Source: Wochit -

News video: Tesla's Senior VP Of Engineering Announces Leave Of Absence

▶ Tesla's Senior VP Of Engineering Announces Leave Of Absence 00:39

According to a report Business Insider, Doug Field, the firm's senior vice president of engineering, is planning on taking a leave of absence. In a recent tweet, Musk praised Field, calling him "one of..
Source: Wochit Entertainment -

News video: ISS Sides Against Two Tesla Directors, Backs Split of Musk's Roles

▶ ISS Sides Against Two Tesla Directors, Backs Split of Musk's Roles 00:35

On Friday, the ISS recommended that investors vote against Tesla directors Antonio Gracias and James Murdoch, increasing pressure on the car maker over their roles on its board. ISS also backed two..
Source: Wochit -

News video: Tesla's Autopilot Used to Be A Huge Advantage For the Company

▶ Tesla's Autopilot Used to Be A Huge Advantage For the Company 00:36

Tesla's semi-autonomous driver assistance feature was one of the the things that set the company apart from its competition, but has recently been attracting attention for the wrong reasons in recent..
Source: Wochit News -

News video: Elon Musk Offers $1 Rides in His High-Speed L.A. Tunnel

▶ Elon Musk Offers $1 Rides in His High-Speed L.A. Tunnel 02:51

Musk, the head of Tesla and SpaceX, shared details Thursday of his Boring Co.'s plans to help alleviate Los Angeles's notorious traffic problem. He said an underground tunnel would shuttle "pods" of up..
Source: GOBankingRates -

News video: Elon Musk Went on a Weird Tweet Storm About a Snail

▶ Elon Musk Went on a Weird Tweet Storm About a Snail 01:04

Tesla CEO and multibillionaire Elon Musk went on a cryptic Twitter rant against L.A. government bureaucracy.
Source: Buzz60 -

News video: Elon Musk Plans To Sell Bricks

▶ Elon Musk Plans To Sell Bricks 00:48

On Thursday night Elon Musk’s The Boring Company livestreamed a company event on YouTube, in which Musk discussed plans for the hole its burrowing under Los Angeles. Musk said the tunnel will be..
Source: Wochit -

News video: Police Say Tesla Driver Was Looking At Phone Before Crash

▶ Police Say Tesla Driver Was Looking At Phone Before Crash 00:36

The driver of a Tesla Model S accidentally drove her car into the back of a parked fire truck in a suburb of Salt Lake City. Investigators are still working to determine what happened. Sergeant Samuel..
Source: Wochit News -

•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  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+