Tesla woes continue with production shortfall

Michael James

The 2014 Tesla is the most fuel-efficient car in the U.S. priced at more than $50,000.

Tesla has had its second disappointment in a week. The luxury electric carmaker has fallen short of shipment targets for the second straight quarter, raising further questions of the manufacturer’s ability to meet production demands of its pending Model 3.

The carmaker said it shipped 14,370 cars in the second quarter. It missed its target of 17,000. The shortcoming also put Tesla’s claim of delivering 80,000-90,000 cars this year in jeopardy.

Further, the announced delivery date of late November 2016 for the affordable Model 3 has now also been questioned. About 400,000 wannabe be buyers of the new vehicle have paid a $1,000 deposit.

Tesla blamed in driver death

Production woes aside, Tesla has faced scrutiny since the death of a driver using Tesla self-driving technology died in Florida last month after colliding with a transportation truck.

The Tesla Model S has been described as unreliable by Consumer Reports.
The Tesla Model S has been described as unreliable by Consumer Reports.

Over the past three months, the automaker’s shares have fallen by 13 percent.

Teslahas been one of the pioneers in pushing for electric, gasoline-free vehicles. But recent developments have led to doubts among the company’s investors.

In a statement, the company said it appeared the Model S car was unable to recognize “the white side of the tractor trailer against a brightly lit sky” that had driven across the car’s path.

In May, founder and chief executive Elon Musk drew criticism for announcing plans to buy solar panel maker SolarCity, a separate company founded and for which he serves as chairman.

Article Last Updated: August 29, 2023.

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