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Q1 2016 Tesla press release

Discussion in 'TSLA Investor Discussions' started by ecarfan, Apr 8, 2016.

  1. ecarfan

    ecarfan Well-Known Member

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    This official statement from Tesla contains an amazingly blunt list of reasons why Model X deliveries fell short of projections in Q1 2016, quote:

    "The root causes of the parts shortages were: Tesla's hubris in adding far too much new technology to the Model X in version 1, insufficient supplier capability validation, and Tesla not having broad enough internal capability to manufacture the parts in-house. "

    Tesla Delivers 14,820 Vehicles in Q1 2016; On Track for Full-Year Delivery Guidance (NASDAQ:TSLA)

    How refreshing to see a company admit to errors.
     
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  2. electracity

    electracity Active Member

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    The press release is a typical Musk humblebrag. Upcoming press release: "The Model 3 is delayed because we care too much".
     
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