Tesla’s third-quarter delivery numbers may look impressive at some point but fail on one important project which will help bring Tesla available to the masses. Elon Musk may have been successful in delivering its promise of delivering 100,000 cars for the first time in the 14-year history but is far behind with its promise to build Tesla Model S Sedan which will be a major step ahead for the shutdown of gas-powered cars. Built with an idea to get the common people acquainted with the concept and advantages of using Electric cars rather than fuel using vehicles.
Tesla, in a statement, has said that the production of the Model S is not running up to their expectations and they are looking forward to shifting their resources from other projects to this one to cop-up with the promised 1500 cars by the end of this month. Further, the recent stats show that getting to 20,000 in monthly production by December now seems like a hopeless expectation, as does CEO Elon Musk’s prediction that Tesla will be manufacturing 500,000 vehicles annually by the end of 2018.
The sedan class Model S by Tesla was launched in July this year and has over a million orders by now. If Tesla fails to fulfill its promise to deliver the vehicle on time, they will be putting a huge number of $1000 refundable deposits for each car in doubt. Though Tesla is struggling hard to produce 1500 Model S by the end of October, the stock prices for the company continues to profit as they are still up 65% in the year 2017 and the brand has lost none of its captivating aura in the automobile industry.
Why is Tesla struggling hard to mass-produce Model S sedan?
While Tesla is to blame for the delay in production of the Model S sedan, the consumers should understand that most of the parts for the car are hand-made making it a big problem for a company who loves to manufacture with machines. Tesla Model S is an all-new production for the company in spite of having manufacturing expensive, luxurious Model S sedans and Model X SUV.