Model X crashes to death, Model S recalls, Tesla overdraft confidence
The Tesla Model X deadly car accident has not yet been investigated. The Model S was caught up in the quality crisis. The production target of the Model 3 is far from reachable. The credit rating is further reduced to the “junk levelâ€... Tesla has already let many consumers, Investors lost confidence in them.
In the face of external doubts, Tesla proposed some solutions. In a memorandum of internal work that was exposed, the relevant person in charge of Tesla's engineering and production departments allowed workers to work for the Model 3 production line for free, and asked them to meet production targets on time.
Economic Daily - China Economic Net reported that the United States, on the evening of the United States (Friday, March 30), Tesla announced the results of the Model X fatal accident investigation: When the accident occurred, the owner opened the Autopilot system.
On March 23, U.S. time, a model X of Tesla suffered a serious car accident on the expressway. Not only was the body knocked down, but because of the damage of the power battery, the vehicle quickly caught fire and the driver died because of rescue. According to reports, the owner of Walter Huang, Apple’s engineer who died in the accident, said in an interview that “Walter-Huang Huang had repeatedly complained to Tesla dealers about the Autopilot system's mistakes and had also asked for a solution. Related issues; but Tesla lost every time because the problem could not be reproduced."
Although Tesla released its own investigation results, the National Transportation Safety Board of the United States has not given the final results. Just the day before (U.S. local time March 29), Tesla Model S was again involved in the quality crisis.
It is reported that Tesla will recall 123,000 units of Model S manufactured before April 2016 on a global scale. Tesla wrote in an e-mail: "If the bolt fails, the driver can still drive the car, but because of the loss or reduction of power assistance, it requires more power. This will make the car more difficult to drive at low speed or parallel parking However, it does not have a substantial impact on vehicle control when driving at high speeds. When the car is driving at high speed, the driver only has to apply a small force on the steering wheel." Some analysts pointed out that this will further aggravate consumers' doubts on the quality of Tesla's products.
The quality problems of Tesla's products are frequent, making the former Wall Street star apparently “out of favorâ€. Tesla's share price plunged 8% on the day that the Model X fatal accident was exposed by the media. The famous American hedge fund manager John Thompson also bluntly said: "Tesla is on the verge of bankruptcy. In the next 18 months, it will need to raise about 8 billion U.S. dollars to make up for operating losses, capital expenditures, due debts, and working capital requirements. ".
While Wall Street investors lost confidence in Tesla, Moody’s also lowered Tesla’s credit rating further to junk level on Tuesday. For this judgment, Moody's reasons are similar to those of John Thompson: "Tesla's rating reflects a serious shortage of the company's Model 3 electric vehicle productivity. If Tesla's updated Model 3 production target is in short supply, special Slar's rating may be further reduced."
According to Bloomberg’s previous calculations, “At present, Tesla can produce about 975 Model 3 per week.†Tesla had previously announced many times: "We plan to achieve the goal of producing 3,000 Model 3s per week by the end of 2017." But since then Tesla has postponed this target for six months, "planned by the end of the first quarter of this year, The weekly production target will reach 2,500 units, and by the end of the second quarter, the weekly production target will increase to 5,000." In August last year, Tesla raised 1.8 billion U.S. dollars through the issuance of bonds to accelerate the production of Model 3. However, the Model 3's mass production target is still nowhere in sight.
In the face of external doubts, Tesla proposed some solutions. In a memorandum of internal work that was exposed, the relevant person in charge of Tesla's engineering and production departments allowed workers to work for the Model 3 production line for free, and asked them to meet production targets on time.
Tesla Engineering's main pipeline, Doug Field, told employees that if they can build more than 300 Model 3 a day, it would be a “great victory†because the market’s short sellers and critics are increasingly starting to It is doubtful whether the company is capable of achieving the vision that Elon Musk promised to create a large electric vehicle manufacturer.
Doug-Field wrote in an email on March 23: "I think this is an insult. You (workers) should also have such feelings. We must work harder to regret those who are against us." You will prove that a group of haters are wrong."
In order to achieve Doug-Ferfeld's production goals, Tesla’s Vice President Peter Hochholdinger stated in an email on March 21 that Tesla will suspend Model S and Model X's production, when the Model S and Model X production line workers will have the option to work on the Model 3 production line. For those who are unwilling to help with the Model 3 production line, they will have to take vacations or use paid vacations.
Fielde also stated in an e-mail that Tesla produced more than 200 Model 3 cars per day on each production line, but he urged workers to quickly break through the 300-odd-per-day mark. In response, industry insiders pointed out that "even if Tesla's production is up to standard (300 vehicles per day), and the weekend does not stop, its weekly production is only 2,100 units, there is still a wide gap from the original expected delivery."
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