We summarized the state in which American company, owned and run by Elon Musk is after first nine months of year 2017.
It seems, that Tesla, American company specialized in building fully electrical luxury cars is going thru much tougher times, that they – Elon Musk, Tesla's CEO in particular – could have imagined. About a year ago, they were preparing to launch their new saloon, smallest in their fleet, called Model 3. It was their most affordable car and with the price of 36.000 dollars and they fairly quickly got several hundred thousand orders, all of which were 'accompanied" with an initial deposit of a 1.000 dollars, every customer had to place upon the order.
Now, almost three months after production has started company is recording big setbacks due to 'bottleneck effect' in production. At first, Musk revealed, that the fault is within their own production. Now, according to the latest information, it has been told by Musk, that the problem was with 'one of the production zones', specifically with one of the subcontractors, yet he takes full responsibility for setback, being the one who hired him in the first place.
Not everything is bad in Silicon valley
Another 'problem', Tesla is facing is more of a financial nature. On top of the initial loan of 600 million dollars, that American company is having at Deutsche Bank, they have placed an additional warehouse loan agreement of 500 million dollars, making total of 1,1 billion dollars of loan at Germany's biggest bank alone. With this money they are probably planning to buy new and faster production robots, they are planning to acquire for a while now – it looks like for further information we will have to wait and see.
All is not so bad at Tesla thou. The company is planning to make a gross profit of 1 billion dollars by the end of this year, mostly thanks to sell of remaining inventory and faster production of Model 3. They are also expecting production numbers of the late should reach 5.000 cars per month by the end of March 2018. Production numbers should then significantly get bigger after the year 2020, when factory in China will be completed.
For now, we can conclude, that Tesla is going thru some turbulent times, so let us all sit down, wait and see, what future in Tesla has to offer.