"While we continue to make significant progress each week in fixing Model 3 bottlenecks, the nature of manufacturing challenges during a ramp such as this makes it hard to predict exactly how long it will take for all bottlenecks to be cleared or when new ones will appear", Tesla said in a statement.
Big Picture: Tesla stock is falling as production of the Model 3 has been slow.
"We continue to make progress resolving early bottlenecks related to these issues, and there remain no fundamental problems with our supply chain or any of our production processes", Tesla said in a letter issued to shareholders on Wednesday afternoon. With several hundred thousand people placing refundable deposits for the vehicle, anyone who orders a auto now is unlikely to receive it until at least 2019, and possibly later. The shares have risen 45 percent since the start of this year.
Tesla's negative free cash flow expanded to -$1.4 billion, more than analysts' forecast for -$1.2 billion.
"We received record net orders for Model S and Model Xs" last quarter, Tesla said in its earnings letter, which later added, "Demand for Model 3 is not going to be a constraint for quite a long time".
Tesla could face major new requirements for cash given Model 3 problems, a possible factory in China, and plans to develop other vehicles, including an electric heavy duty truck. Dimensional Fund Advisors LP boosted its position in Tesla by 2.0% during the first quarter.Читайте также: The Toffees are set to approach Burnley manager Sean Dyche
Tesla's continued need for cash is exacerbated by Musk's insistence on vertical integration, such as making its own batteries and selling cars directly to customers.
In Russia since the beginning of this year, dealers sold 46 new electric vehicles from the American company Tesla.
Even worse for Tesla's fans: The automaker has pushed back its Model 3 manufacturing goals, now estimating that it won't ramp up production to the projected 5,000 vehicles per week until late in the first quarter in 2018, a full cycle later than originally planned.
Other institutional investors have also bought and sold shares of the company.
The company produced just 260 Model 3 cars in September, which was waaaaaaaaaay short of the 1,500 vehicles it had hoped to produce. Consequently, both Model S and Model X gained further market share in the U.S. luxury vehicle market.
Tesla's revenue rose 30 percent to $2.9 billion for the quarter, in line with analysts' expectations.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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