{"id":2801,"date":"2018-10-02T18:36:21","date_gmt":"2018-10-02T18:36:21","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/tesla-production-hits-all-time-high\/"},"modified":"2018-10-02T18:36:21","modified_gmt":"2018-10-02T18:36:21","slug":"tesla-production-hits-all-time-high","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/tesla-production-hits-all-time-high\/","title":{"rendered":"Tesla production hits all time high"},"content":{"rendered":"\n
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\"AImage copyright<\/span>
\n Reuters<\/span><\/p>\n

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Image caption<\/span>
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\n Prices for the Model 3 start below Tesla’s SUV and sports car, in a bid to attract a bigger pool of buyers
\n <\/span>
\n <\/figcaption><\/figure>\n

Tesla has said it produced a record number of vehicles in the most recent quarter, beating back doubts about the firm’s ability to boost manufacturing.<\/p>\n

The electric carmaker said<\/a> it made more than 80,000 vehicles, including more than 53,000 of the Model 3 – roughly in line with forecasts.<\/p>\n

The disclosure came at a turbulent time at the company.<\/p>\n

On Saturday, chief executive Elon Musk settled fraud charges<\/a> brought by the US Securities and Exchange Commission.<\/p>\n

The agreement, which resolved questions about claims he made regarding potential plans to take the firm private, required him to step down as chairman of the firm’s board.<\/p>\n

The episode had increased scrutiny of the California-based company, which has struggled over the last year to boost output of its newest model.<\/p>\n

The lag has exacerbated a cash crunch as expenses rise and deadlines for debt payments approach.<\/p>\n

This spring it revamped its manufacturing process, scaling back some of its automated features, a move which Mr Musk has has told investors was helping.<\/p>\n

The firm hit a major milestone in June, producing 5,000 Model 3 sedans in a week.<\/p>\n

The figures released on Tuesday suggest the firm has roughly maintained that pace for the Model 3s, its newest and least expensive model.<\/p>\n

However, its overall average production rate, including other makes, is still short of the 7,000 cars a week that Mr Musk told investors in July would make the firm “sustainably profitable”.<\/p>\n

The firm also appears to be struggling to get the cars into the hands of customers, a challenge Mr Musk has admitted to in the past.<\/p>\n

Tesla said it delivered 83,500 vehicles in the quarter – 80% more than its total in 2017.<\/p>\n

“With production stabilised, delivery and outbound vehicle logistics were our main challenges during Q3,” the company said on Tuesday. <\/p>\n

China warning<\/h2>\n

Tesla also warned that tariffs in China were causing challenges, underscoring an issue it raised last quarter.<\/p>\n

China has raised import duties on US-made cars as part of the broader trade fight with the US.<\/p>\n

Tesla said the costs that go into its cars are roughly 55%-60% more than for local firms, when tariffs and ocean transport costs are take into account.<\/p>\n

It plans to speed up plans for its new factory in China – but the firm said earlier that bringing that plant online would take several years.<\/p>\n

“This makes for a challenging competitive environment, given that China is by far the largest market for electric vehicles,” it said.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Reuters Image caption Prices for the Model 3 start below Tesla’s SUV and sports car, in a bid to attract a bigger pool of buyers Tesla has said it produced a record number of vehicles in the most recent quarter, beating back doubts about the firm’s ability to boost manufacturing. The electric carmaker … <\/p>\n","protected":false},"author":0,"featured_media":756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2801"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/756"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}