Tesla built 180 Tesla model 3 cars in October for a total of 440 over the last few months. Telsa main goal to produce 5,000 vehicles per week at some point in December. Tesla was supposed to start deliveries to regular customers in “late October”, but this will likely be delayed in Q1 of 2018.
Telsa is spending $1 billion per quarter on its business.
The pre-selling of electric trucks and the new Roadster could bring in $250 million. Basically they are super-sized crowdfunding.
A normal company might need to sell shares or bonds on poor terms in the first half of 2018 in order to meet a cash shortfall.
Elon Musk has shown that he is a true believer in his businesses and has been willing in the past to put his entire personal fortune at risk in order to help his companies over existential risks. Therefore, if Tesla gets pushed to the wall, Elon will double down and put his own resources in to bridge the gap. Elon will be able give Tesla into 2019 to resolve production issues for the Model 3. Those are the financial and production risks. There is the other side which is maintaining and building customer interest in the Model 3.
Tesla has many smart people. They are definitely working night and day and weekends to fix the Model 3 production issues.
Changing the world is hard. Overcoming these problems will be another example where it will be seen that achieving success for electric cars or reusable rockets required not just a great business person but someone with total commitment.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.