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Tesla Update

Positive Future #121 (Feature photo – Tesla Model 3 – CCA SA 4.0 International) It is no secret that Telsa, Inc. – builder of electric cars – is facing its most important moment. Amid much publicity two years ago, Tesla unveiled the long-awaited Model 3. Now two years later and some 450,000 pre-orders, the company has yet to achieve mass production. Elon Musk of Tesla admits that there have been some reservation cancellations. At issue is that Tesla, Inc. has not yet been able to wrestle a profit out of its operations. In the meantime, based upon hope and anticipation of success, Wall Street values the company at almost $500…

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Tesla Plans to Produce Hundreds of Thousands of These Cars

Positive Future #50 (Feature photo – A New Tesla Model 3 – CCA SA 4.0 International) Almost two years ago, Telsa started taking reservations for it’s Model 3 electric sedan. Estimates have come out that Tesla has logged in close to 400,000 reservations. Delays in production have plagued the company, but late in 2017, some of the Model 3 cars begin to reach reservation holders. The latest is that Tesla will be ramping up production by mid-2018 to around 5,000 Model 3 cars per week. That would equate to about 250,000 cars by mid-2019. Recently, Edmunds – an American company providing automotive information to the public – received their Tesla Model…

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