Tesla To Start Pilot Production of Model 3 This Month (reuters.com)

According to Reuters, Tesla is planning to "begin test-building its Model 3 sedans on February 20, a move that could allay concerns about the company meeting its target to start production in July." The sources familiar with the matter did not mention how many of the Model 3 vehicles Tesla aims to build in February, though the number is likely to be small to test the assembly system and the quality of vehicle parts. From the report: Tesla Chief Executive Elon Musk last year told investors and more than 370,000 customers who put deposits down for a Model 3 that he intended to start building the cars in July 2017. At the time, many analysts and suppliers said the timeline was too ambitious and would be difficult to achieve, pointing to Tesla's history of missing aggressive production targets. If Tesla succeeds in starting pilot production of the sedan at its factory in Fremont, California on Feb. 20, the company would be able to share the news with shareholders two days later when it reports fourth-quarter results and better answer any questions about the Model 3 rollout. Musk had told investors last year that the company could miss the July 2017 startup target if suppliers do not meet deadlines.

Comments

Re: The old adage

[goose-incarnated]

This is true, and Tesla is not one of them. Tesla has one of the highest recall rates of any manufacturer. If you read their earning reports, recalls are one of the biggest obstacles to sustainability of the company over all. Yes, they have so many recalls and spend so much on them that they might actually put the company out of business.

Parent needs an informative mod