Tesla ($TSLA) discloses production risks of Model 3

tesla photoTesla [stckqut]TSLA[/stckqut] is warning of production risks associated with the Model 3, the mass-market sedan the electric car maker expects to begin building within the next 18 months.

“We have no experience to date in manufacturing vehicles at the high volumes that we anticipate for Model 3…and plans for the build out of our production facilities…and various aspects of component procurement and manufacturing plans have not yet been determined.”

Tesla also cautioned that if one or more of its “many assumptions” turns out to be incorrect, its “ability to successfully launch on time and at volumes and prices that are profitable…may be materially and adversely impacted.”

SEC Form 10-Q

Source: Tesla discloses production risks of Model 3 – Tesla Motors (NASDAQ:TSLA) | Seeking Alpha

Photo by Schwar

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.