Elon Musk, CEO and founder of electric car startup Tesla, announced July 1 that his company succeeded in meeting his goal of producing 5,000 units of its Model 3 in the final week of the second quarter. The Model 3, billed as an affordable alternative to Tesla’s higher-end Model S, had previously seen a number…
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During the last week of June, Tesla, Inc. was able to hit their original goal of producing 5,000 Model 3s in one week. Reaching this goal has been important for the electric vehicle manufacturer as they try to bridge the gap into economy cars (the Model 3 is priced at $35,000) and reach a broader…
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Tesla has become a major influencer in the automotive industry — and in a short amount of time. Despite being generations younger than its competitors, Elon Musk’s auto brainchild has managed a significant market share. But will Musk’s unparalleled vision put the automaker ahead, or might we see the company lag behind his manufacturing promises?…
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In March 2016, Tesla started taking preorders for the Model 3 sedan; interested customers had to deposit $1,000 to reserve their vehicles. With over 400,000 orders on the books, Tesla CEO Elon Musk set a production target of 5,000 cars per week by the end of 2017. Having fallen behind that quota and still lagging four…
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We recently discussed Tesla Model 3 production setbacks due to battery and logistical issues, which caused the company to meet production numbers far short of their goals. A new CNBC report illustrates the problem is far greater than simply meeting demand and working out logistics, as faulty and flawed parts are part of the bigger…
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Elon Musk made early 2018 headlines for the flashy act of launching a car into space. It might seem counterintuitive to hear the same man making claims about how his company, Tesla, is going to become the most efficient car manufacturer in the world. After all, the elaborate and expensive event of space travel doesn’t…
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When not able to meet output goals, what’s an automaker to do? In hopes of improving future yields, electric car manufacturer Tesla purchased Perbix Machine Co., a Minnesota-based manufacturer specializing in designing automation equipment. The decision came after significant production difficulties in 2017. Production woes In the third quarter of 2017, Tesla manufacturers produced only…
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When it comes to driverless vehicles, one name used to come to mind: Tesla. But as others join the driverless race as it picks up speed toward a very different future on the road, these changes are disrupting vehicle manufacturing. What’s new in the self-driving space — and what further implications could it have on…
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