intro

What Tesla Must Figure Out Too Succeed

Recently Tesla was started and gave present car companies a run for their money. However, to continue they need to figure out how to deliver what has been promised.

At least 325,000 potential buyers each plunked down $1,000 deposits in less than a week for Model 3, which, at $35,000, will be about the cost of other Tesla models in a bid to put long-range electric vehicles within range off the masses. Now Tesla has to figure out how to ramp up production in a way that will allow it to fulfill those orders starting late next year.

Here are some of the challenges the upstart electric vehicle maker must figure out to grow from a niche maker of luxury electric vehicles for Silicon Valley’s technorati to a mass producer of a car that might free hundreds of thousands, eventually millions of people from their dependence on gasoline.

  1. Who will make it?

Will Tesla do all the manufacturing at its Fremont, Calif., assembly plant or elsewhere, or contract with an established automaker or supplier? Or will it go to Europe or China?

The French minister of environment and energy reportedly has offered Tesla the site of a nuclear power plant slated for decommissioning later this year.

To Read More Click Here

Tags: , , , , ,

Tesla Specializes In Seating In- House

With the competition tight in the automotive industry, each company trying to get ahead of one another, sometimes it is easier to manufacture certain products inside the company rather than importing it in. The latest: the Model X’s second-row seats.

In August, Chief Executive Officer Elon Musk told investors it was difficult to make the seats, which he described as a “sculptural work of art, but a very tricky thing to get right.” They were so challenging that they led him to reduce the electric-car maker’s delivery forecast that month to as few as 50,000 from 55,000, which set off a wave of skepticism over his ambitious plans.

“We have substantially in-sourced the seats at this point,” Musk said Tuesday during the third-quarter earnings call with analysts. “Tesla is producing its own seats.”

Musk has long been a fan of doing things on his own as much as possible, such as building the world’s largest battery factory outside of Reno, Nevada, to streamline production and reduce costs to bring a more-affordable car — the Model 3 — to market. When an analyst asked Musk about the enormous costs of the automotive industry, Musk said that Tesla is becoming more capital-efficient.

To Read More Click Here

Tags: , , , , , ,