Breaking Tesla News - Misses Production Goals For 2016, Gigafactory, More
This Week's Tesla Motors News with Alex Guberman covers a wide range of topics. Alex is, of course, a Tesla expert, three-time owner, and founder of the Tesla Model S Club on Facebook. He produces these news videos independent of Torque News, but we feel his information is well worth sharing with our readership.
We will combine Alex' first and last topics. First, Tesla reports that it missed its delivery target by roughly 10% in 2016, failing to deliver about 4,000 vehicles the company told stockholders and customers with vehicles on order that it would. If you follow Tesla news, production delays should not come as a shock to anyone. Tesla's excuse this time is that it had about 3,000 vehicles of those 4,000 vehicles built, but "delivery issues" precluded it from meeting its self-set goal. Tesla stock reacted to this by going up 7%. Proving once again that Tesla Motors' stock price is not about today, but about tomorrow.
Faraday Futures showed off a luxury performance EV that it cannot build, and that has never been tested by the EPA or any safety agency. Customers lined up to put down deposits. Sound familiar?
The best news this week is that Tesla's Gigafactory is up and running. Employing thousands of Americans, after having been built by American tradespeople over the past two years. It is good to see that the Model 3 will have one less thing to hold it back from success when it finally arrives.