Tesla Inc (NASDAQ:TSLA): Tesla Inc (TSLA) Has a Whistleblower Situation
- Author: Anthony Vega Jul 16, 2018,
Jul 16, 2018, 0:32
Tesla Chief Executive Elon Musk last week put blame on a wait for government approval in Norway, its largest market after the United States and China, for not being capable to move faster in addressing increasing complaints from consumers.
Ramping up manufacturing in Fremont first is critical to Tesla being able to sustain itself financially.
In an interview with Bloomberg, Tesla CEO Elon Musk said "we were huge idiots and didn't know what we were doing" when redesigning the production process for the company's Model 3 sedan.
However, under changes to subsidies for electric cars introduced past year, the support is gradually phased out after a company has sold 200,000 vehicles.
Chinese magazine Caijing, citing sources close to the project, reported on Tuesday that the plant's exact location had not been decided and construction would start early next year. Tesla's official website also included a table comparing the Model S favorably to the Model 3, both in features and in availability.
The good news for Tesla is that milestone means it's sold a lot of cars.
Following the change, Tesla buyers will only be eligible to receive the full $7,500 federal tax credit until December 31.
The news comes a week after a 'trade war' between the USA and China began, as the US placed a 25% tariff on $34 billion worth of imported Chinese goods. The new vehicle identification registrations come at a time when Tesla is actively pushing its deliveries for the Model 3. Producing cars in China would eliminate risks from tariffs and other import controls. "Incredibly impressed with Tesla China team & potential for the future", Musk further tweeted. Tesla raised prices on its Model S and Model X by amounts between $20,000 and $30,000, depending on the model. This allegation of the worker is one more blow to the company.
Currently, battery cells made in Asia get shipped to the U.S.to end up in battery packs.