tesla shares: Tesla took the same approach when it started production of the sedan in California in July 2017, delivering its first Model 3s to staff. ; After reaching that milestone more than two years ago, Tesla went through months of what Musk called production hell, according to The Japan Times. After consistently falling well short of its chief executive officer's ambitious targets, the firm burned through billions of dollars and came within weeks of running out of money. The electric carmaker handed over the first 15 Model 3 sedans assembled at its new multibillion-dollar plant near Shanghai its first outside the U.S. to employees at the facility on Monday. Investors have been betting this time will be different, with Tesla shares on a tear since the company reported a surprise quarterly profit in late October. The China plant is already assembling more than 1,000 cars a week, and aims to double that rate over the next year, according to Song Gang, the manufacturing director at the facility. The carmaker is on much steadier footing, having worked out the kinks that limited initial production of the Model 3 and managing to far outpace sales of many other automakers' electric vehicles.
(news.financializer.com). As
reported in the news.
Tagged under tesla shares, model sedans topics.