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Category Archives: Tesla Model S

Build Fast, Fix Later: Tesla Employees Say 90% Of Model S/X Cars Fail Quality Checks After Assembly

Last month we highlighted a report from Automotive News which suggested that Tesla’s Model 3 production misses might have been the result of a rather basic and embarrassing problem…the company hadn’t yet figured out how to weld.  As automotive manufacturing consultant Michael Tracy of Agile Group pointed out, the clues of Tesla’s steel problems came […]

Tesla’s Having The Worst Day Ever As GOP Tax Plan Calls For Axing Electric Car Credit

Tesla may be officially having the worst day ever.  One day after announcing its worst quarter in history, in which it burned a record $1.4 billion in cash (which is about $15.5 million every single day, btw)… …a couple of GOP Representatives had to come along and propose a tax bill that would eliminate a […]

Tesla Burns A Record $16 Million Per Day In Q3; Delays Model 3 Delivery: Stock Tumbles

One month after Tesla surprised markets with an unexpectedly low production output of its much anticipated Model 3, delivering just 260 cars far below the 1,500 expected, which according to a follow up report from the WSJ was due to part of the car being made by hand, Wall Street was fearfully looking forward to […]

Is This The Bizarre Reason Why Tesla Is Struggling To Ramp Model 3 Production?

A little over a week ago, we noted the damning – if unsurprising – report from the Wall Street Journal revealing that Tesla’s massive production miss on the Model 3, after only producing a tiny fraction of the 1,500 Model 3 sedans that it promised customers, might have been attributable to the fact that key […]

Amid Management Exodus, Tesla Fires Hundreds Of Workers

One month after Tesla lost its head of business development who wished to “spend more time with his family”, and just weeks after the EV company’s veteran battery technology director also unexpectedly quit amid a growing senior management exodus (full list at the bottom of this article), Tesla decided to even out the ranks on […]

Visualizing The Many Failures Of Elon Musk

Elon Musk is having a rough week. After confessing to investors and Tesla’s customers that the company had only managed to build 260 of the 1,500 Model 3 Sedans that it had promised to deliver by the end of the third quarter, the Wall Street Journal revealed that the Tesla had not yet finished building […]

Tesla Slumps As Model 3 Disappoints Despite “All-Time Best Quarter” For Model S, X Deliveries

Three months after Tesla disappointed shareholders by missing “bigly” on Q2 deliveries, Elon Musk has learned from his mistake, and reported Tesla’s “all time best quarter” for Model S and X deliveries in Q3, with a total of 26,150 vehicles, more than the 25,000 expected, of which 14,065 were Model S and 11,865 were Model […]

Auto OEMs Plan To Flood Market With New Electric Car Models Despite Massive Losses

Last month we noted that Tesla really outdid itself in 2Q 2017 by posting a record cash burn of $1.2 billion, or roughly $13 million every single day.  Per the chart below, Tesla's Q2 cash burn was just a continuation of the company's money-losing trend that goes back at least 6 years and seems to […]

Tesla Ignores Q2 Record Cash Burn And Slashes Its Model X And Model S Prices

So what do you do when you’ve just burned through a record $1.2 billion of cash in one quarter, expect to burn an additional $2 billion in capex in the second half of the year and haven’t a prayer of generating positive earnings at any point in the near future?  Well, you slash your product […]

Tesla Burns A Record $13 Million Per Day In Q2… And It’s About To Get Worse

One month after Tesla stock tumbled when the electric car maker announced that it had missed Wall Street estimates for the second quarter, delivering only 22,000 vehicles instead of the 22,912 expected, moments ago Tesla reported adjusted, non-GAAP Q2 earnings which beat expectations, with an adjusted loss of $1.33, better than the -$1.88 expected, which […]