Economy

Tesla has too many robots making Model 3

Tesla has too many robots making Model 3”

So there are 10 fewer fatalities and tragedies and serious injuries. Now it's just boring (sigh).

Tesla is still a party to ongoing investigations of a Tesla Model X crash in Lake Forest, California, on August 25, 2017, and a January 22, 2018, crash of a Tesla Model S near Culver City, California.

Sources told Reveal that safety compromises were made at Tesla's Fremont factory to appease CEO Elon Musk's aesthetic preferences.

An unprecedented level of robots used in the Model 3's final assembly, in a break with automotive manufacturing norms, has added complexity and delays, which Musk acknowledged on Friday.

The longer it takes for Tesla to solve the issue, the more the carmaker is at risk of changing production hell into recall hell in the future to come.

Thomson Reuters consensus of analyst estimates predicts Tesla's free cash flow to be negative well into 2019, thanks in part to heavy investments.

In addition to a guided tour of the factory, CBS This Morning had the privilege of interviewing Musk and discussing why he was in "production hell" with the Model 3.

Last week, the company said it made 9,766 Model 3 vehicles during the first quarter of this year and expected to produce 5,000 a week by the end of June.

However is there something as too much automation?

Tesla has maintained Autopilot should not be viewed as a fully autonomous feature. Musk says the current output of 2,000 Model 3s a week is now sustainable.

Last month, Moody's Investors Service downgraded Tesla's credit rating to B3 from B2, reflecting "the significant shortfall in the production rate of the company's Model 3".

The company has accused the NTSB of breaching its own rules by releasing statements about the crash, despite telling Tesla not to do so.

VIII. Release of Information Prior to the NTSB's adoption of the final report, only appropriate NTSB personnel are authorized to publicly disclose investigative findings, and, even then, the release shall be limited to verified factual information identified during the course of the investigation.

Tesla lashed out at the NTSB and said it planned to complain to Congress.

At one point during the interview, Musk did not have his hands on the wheel and the auto beeped at him to retake the wheel.



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