Energy: Tesla’s Model 3 Production Miss - Should Investors Be Concerned?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 5 October 2017
⏱️ 22 minutes
🧾️ Download transcript
Summary
Tesla missed Q3 Model 3 production targets by 83%. We debate how concerned investors should be, some good news from the update, and a potentially exciting development on the horizon.
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Transcript
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| 0:00.0 | Thanks to Bomfel for supporting the Motley Fall. |
| 0:02.5 | Bomfel is an online personal styling service for men that helps find the right clothes for you. |
| 0:07.5 | Get $25 off your first purchase at Bomfel.com forward slash fall. |
| 0:12.0 | That's B-O-M-B-E-L-L-A-L-M-E-L-A. Combe F Eelle.com. |
| 0:19.2 | Welcome to Industry Focus, the show that dives into a different sector of the stock market. |
| 0:23.0 | Every day, today we're talking energy and industrial. |
| 0:26.0 | It's Thursday the 5th of October and we're going to be discussing |
| 0:30.0 | everybody's favorite all-electric vehicle maker Tesla. |
| 0:33.7 | Joining me on Skype all the way from Colorado as Motley Full Contributor and senior technology |
| 0:38.1 | specialist Daniel Sparks. Daniel, how you doing? |
| 0:40.5 | Good, thank you for having me on the show. |
| 0:43.0 | No, more than welcome. |
| 0:44.0 | You are our resident expert, so I thought that we could discuss Tesla's update on third quarter |
| 0:49.7 | production. |
| 0:50.7 | You're the best guy to go to. |
| 0:51.7 | Awesome, thanks, I appreciate it. |
| 0:54.0 | So as I said, Tesla's updated their third quarter production and deliveries. |
| 0:58.0 | It caused some headlines and headaches this week, |
| 1:01.0 | production of the Model 3, the car pegged as Tesla's |
| 1:04.0 | more affordable mass market offering, reservations of which are estimated to be around 450,000, |
| 1:10.3 | fell far short of the initial production plan. |
| 1:12.8 | So production issues continue to plague the company. |
... |
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