I’ll bet money they fall short on Q3 car deliveries. The question is how much will they increase the forecast.
Has anyone seen a model 3 on the road? There’s supposedly 30 of them out there. That’s smaller than a typical PVT build. There’s no way the car is in production yet. It amazes me they’ve blown through billions of cash and still can’t achieve a decent line rate. Especially since they aren’t restricted to using union labor where there’s rigid job descriptions.
People talk about Apple’s manufacturing problems. That’s because they are trying to produce tens of millions a quarter. No one makes a single phone at that scale. Tesla can’t even get 100,000/yr off a line that should be capable of 500,000/yr. If you can’t leverage the massive capital investment in an assembly line to get a good line rate, then profitability is a pipe dream.