Published on March 30, 2018 |
by Steve Hanley
30. March 201
What Tesla's fans envisage this weekend is the question of whether the company can succeed in delivering the promise of producing its mid-size sedan model 3 by Saturday at 2,500 pro Starting the week before midnight – the moment when the first quarter of 2018 will officially be over. As the company gathers its troops to reach the target, it faces a massive recall of its Model S sedans to replace broken power steering screws, pushing for approval of a bill in the New York Legislature that would allow for up to 20 Open More Business in the Empire State
Evidence that the haters are wrong
The Tesla stock is shaken lately by an aggressive short selling round – a technique that puts a stock down goes. The credit rating of the company has been lowered, which means that the company will spend more money in the future to raise money. At the end of Thursday's trading session, the stock had dropped more than $ 100 a share from its all-time high. A headline in the New York Times reads this morning: "Tesla looked like the future, and now some are asking if there is one."
If Tesla misses the target, on Saturday at midnight 2500 cars per week, the voices of the Doom-and-Dark crowd will grow into a crescendo. With all this fear as a background, Bloomberg reported Doug Field, Tesla's senior vice president of engineering, sent an email to his staff on March 23 admonishing them to help the company achieve their goal , Responding to the wave of short selling, he wrote, "I find that personally offensive, and you should do it, let's regret it, ever bet against us, they will prove that a bunch of haters are wrong."  While nobody really knows what's going on in the Fremont factory, Bloomberg suggests giving some of the Model S and Model X assembly line workers their services to the Model 3 production process put. If Tesla misses his target, there will be no lack of attempt.
A tale popped up at the Tesla Motors Club forum yesterday about broken bolts used on the power steering pump on the Model S. Apparently, the company has issued a recall that affects 123,000 model S sedans. The company recently sent a letter to Model S owners saying, "We've seen excessive corrosion on the power steering bolts, but only in very cold climates, especially those using calcium or magnesium salts instead of sodium chloride." Tesla said in a letter to the owners, "Nevertheless, Tesla plans to replace all early Model S power steering screws in all climates worldwide to take into account the possibility that the vehicle may later be used in a highly corrosive environment."
In One E-mail to customers, the company advises: "To ensure your safety, Tesla will proactively retrofit power steering in all S models built until April 2016. (No other Tesla vehicles are affected.) Despite this component, there were no injuries or accidents driving more than a billion kilometers. To be clear, this recall does not apply to Model X or 3 vehicles, but only to Model S vehicles built before April 2016. "
No company wants bad news, but reminds that the 2016 recalls involved more than 50 million vehicles." It's not that the problem is not serious, but Tesla has initiated a voluntary recall, something that it does in the Comparison to other manufacturers rarely had to do.
Other New York Businesses
The state of New York has a franchisee-dealer law like many other states.In 2014, the legislature has an exception for Tesla, which allows the opening of 5 stores in New York City, a new bill was introduced that would allow the company to open 20 more stores in the Empire State, some of them in the populous hinterland region The matter here is that the bill was introduced by Joe Morelle, the majority leader of the State Legislative Assembly.
The Autohän Leaders of the state are predictably stuck against the new bill, newspaper in the hinterland reports The Post Star. With Tesla aiming to become a big car company producing millions of cars every year, it's crucial to buy more stores, assuming Tesla survives at all.
In a few years we can look back on this statement. I think it's ridiculous, but the fate of the company seems to be in limbo at the moment. What is really ridiculous is that even a small deficit in its goal of reaching the production plateau of 2500 cars a week is considered a major setback. Maybe if Elon could learn not to paint in a corner with overly optimistic promises at every opportunity, the company would have fewer of those existential moments.