Tesla Model 3 Put on Hold By Employee Sabotage
Tesla has internal affairs.
Elon Musk told employees that the sabotage of the plant's computer operating system was "quite extensive and damaging." The details of the sabotage are not clear, and Musk told employees to be on the lookout for more.
A small fire broke out after the sabotage was found, but whether this fire was the result of deliberate action is not clear. The fire was put out without lasting harm, but the question of continued sabotage is still one which is of concern to Musk.
Tesla Model 3
The Tesla Model 3 is projected to be Tesla's best selling car; its starting price is less than half the price of the next cheapest, the Model S. At less than $40,000, the Model 3 appeals to a much larger market, and reduces the exclusivity of the brand. Musk asserts that Tesla's growing market share is a potential cause for the sabotage, as the saboteur could have been working under direction from one of the many organizations which have incentive to ensure that Tesla fails.
A Tough Break for Tesla
This is a difficult setback, as such delays add greater pressure on the company to meet the set release date. Tesla's reputation is less than stellar when it comes to timeframe, as a number of previous release dates have been exceeded, including ones for the Model 3.
Despite the hurdles, Musk maintains a confident assertion that the company will not need additional cash in order to continue production, despite concerns over the company's financial state. It will remain to be seen if the company will continue its production on time.