Tesla’s (NASDAQ:TSLA) M3, From Production Hell to Delivery Hell

Tesla’s (NASDAQ:TSLA) M3, From Production Hell to Delivery Hell

Tesla’s (NASDAQ:TSLA) M3, From Production Hell to Delivery Hell

$TSLA

Tesla (NASDAQ:TSLA) Sorry folks, we have gone from Production Hell to Delivery Hell Tweeted Tesla’s CEO Elon Musk.

Production Hell

Delivery logistics hell is a problem that is tractable, and Mr. Musk says Tesla making progress. And that it hould be solved shortly.”

Mr. Musk made that response in a Tweet to a customer complaining about her delivery delay:

Megan Gale@megangale: “There are 42 Tesla’s sitting at the Union Pacific Railroad in SLC. My car is one of these. I’ve been told I was getting delivery the 8th, then the 15th, then the 20th, then the 22nd, and now my delivery has been delayed indefinite. @Tesla @elonmusk… Please make this right. pic.twitter.com/bAiFjDDU5c

Billionaire CEO Elon Must, 47 anni, earlier this month faced investor ire over smoking marijuana on a live web show, has indicated in the past that Tesla’s customers may face a longer response time because of a significant increase in vehicle delivery volume in North America.

Tesla’s ability to deliver on production targets has weighed on its stock price, and the company has been working to iron out major production problems after failing to meet production targets for its M3 sedans.

The company said in August that it expects to build a total of up to 55,000 M3s in Q-3 of this year.

Last week Mr. Musk said the company would eliminate some color options for its EVs to streamline production, the colors are the most popular and can now be had at a premium price.

Symbol Last Trade Date Change Open High Low Volume
NASDAQ:TSLA 295.2 14 September 2018 5.74 288.76 297.33 286.52 6,755,400
HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Bearish (-0.38) Bearish (-0.28) Bearish (-0.35) Very Bearish (-0.50)

Savvy market observers are saying Tesla is uninvestable and is for speculators only in here.

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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