Tag Archives: model
Exclusive: Tesla hits Model 3 manufacturing milestone, hours after deadline – factory sources
Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Chief Executive Elon Musk, two workers at the factory told Reuters. It was not clear if Tesla could maintain that level of production for a longer period of time. Tesla did not immediately respond to a request for comment.
Tesla hits Model 3 production target, backs profit view
Tesla, which Chief Executive Elon Musk hailed on Sunday as having become a “real car company,” said it now expects to boost production to 6,000 Model 3s per week by late August, signaling confidence about resolving technical and assembly issues that have plagued the company for months. The electric carmaker’s shares rose as much as 6.4 percent to $ 364.78 in early trading, after Tesla said it produced 5,031 Model 3 cars in the last seven days of the second quarter. Money-losing Tesla has been burning through cash to produce the Model 3, and delays have also potentially compromised Tesla’s first-to-market position for a mid-priced, long-range battery electric car as a host of competitors prepare to launch rival vehicles.
Tesla cutting 9% of staff; layoffs not to affect Model 3 production
Electric carmaker Tesla Motors announced Tuesday it was cutting nine percent of its workforce to enhance profitability but said the move would not affect an ambitious production ramp-up of its Model 3 sedan. The job cuts are part of a company-wide restructuring to address excess staff in some areas due to the company’s speedy growth, Tesla chief Elon Musk said in an email to employees. The cuts concern salaried staff but not production workers and will not affect Model 3 output targets, said Musk, who characterized the downsizing as an acknowledgement of the need to focus more on costs.
Kidnapper's conviction seen as vindication for UK model
MILAN (AP) — An Italian court convicted a Polish man Monday of kidnapping a 20-year-old British model for ransom, rejecting the defendant's claim that the abduction was staged to boost the victim's career.
Investigators say Tesla Autopilot sped up before fatal Model X crash
Federal investigators said Thursday that a Tesla Model X traveling on Autopilot in California sped up before crashing into an highway barrier, killing its driver and striking two other cars. A preliminary report was made available by the National Transportation Safety Board detailing the moments before and after the March crash near Mountain View, California. In that report, investigators said the car’s Autopilot system actually increased speed in the moments leading up to the crash and didn’t attempt to brake or steer clear of the barrier.
Tesla Model Y coming in 2020; Roadster and Semi still on the way, says Musk
Tesla CEO Elon Musk told shareholders Tuesday that the last few months have been “hellacious” for building the Tesla Model 3, but that the automaker expects by the end of this month to build 5,000 of the mid-size luxury sedan each week and beyond. The Model 3 may be critical for the automaker to stay alive without turning to investors for more money this year, but the upcoming Tesla Model Y crossover could be critical to vault the automaker’s bottom line beyond survival. Musk told shareholders that the Tesla Model Y would be unveiled in March 2019 with production in early 2020.
Elon Musk reveals when $35K Tesla Model 3 could start production, admits brake issue
Tesla’s rollout of the Model 3 has been anything but smooth sailing, and thousands of customers are still waiting for one very important Model 3 variant: the base model. It’s the car Tesla CEO Elon Musk has consistently promised would come with a $ 35,000 price tag and 220 miles of range. Now, Musk has tweeted that those reserving the least expensive Model 3 could see their cars as soon as September.
Brand Updates the Insides of Model S and Model X
Audi, BMW, Mercedes large electric luxury sedans to aim above Tesla Model S?
The Tesla Model S occupies an interesting position among “luxury” sedans and hatchbacks. It’s far from the best-equipped vehicle compared to mid-size and full-size competitors from Audi, BMW, Jaguar, and Mercedes-Benz, but that doesn’t seem to matter to its 200,000 or so buyers to date. It was clear more than three years ago the world’s luxury automakers were preparing to take on Tesla, and now their plans are considerably more visible.
Tesla Model Y production to start Nov 2019 (also, Musk doesn't have time to shower): reports
Amidst nine months of “production hell” for the Tesla Model 3 electric car, the company’s next vehicle has somewhat fallen off the radar. According to a report Wednesday by Reuters, Tesla has now put out requests to suppliers for initial bids on parts for the Tesla Model Y, its high-volume crossover utility intended to be more affordable than the $ 80,000-and-up Model X. Two sources familiar with Tesla’s supply chains told Reuters those documents set a target of November 2019 for the start of Model Y production.
