There have been many surprises in recent months from the industrial titan Elon Musk and his Tesla Motor Group, not least of all blasting a car into space via his SpaceX Rockets.
Presently, Tesla Cars are rushing to get their Freemont, California car plant up and running and in full production. And with time fast running out, Tesla hopes to be producing 5000 cars, by the end of June 2018. A radical step has been taken to speed up the works in the form of a 1000ft hanger like structure, similar to a tent, being raised within the grounds of the car plant. Built using available on-site materials and erected in less than two weeks, "the tent" is expected to become a finishing point for the assembled vehicles.
Tesla's Model 3 an electric car, aimed at the mass consumer market, should cost around £26k and there are already future orders on the books for over a half-million units. The projected figure of 5k cars per week is hoped to turn the company profitable after a series of setbacks and delays.
Although there is a certain level of scepticism from analysts and numerous factions of the financial world. Although others see this as an ingenuous attempt to side-step an otherwise expensive and time consuming construction of a more traditional assembly line.
August 10 Update
Despite improving revenues Tesla is said to be slipping to even bigger losses, although sales remain ahead of forecasts of £3bn for the second quarter of it's financial year. Now stringent efforts are being made to ramp up production of the Model 3 to 6k units per week by the end of August. The eventual desired figure will be 10,000, units per week and as soon as this is viable.
These are difficult times for the manufacturer, with losses reaching £547m The efforts to increase production are causing Tesla to spend billions of extra dollars, increasing long term debt to as much as £8.2bn.
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