A prototype of Tesla’s upcoming Model X SUV.
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“Any piece of technology, given somebody clever enough with enough time, they’re going to find a vulnerability somewhere”, Russ Tekkonen, a Tesla network engineer, told The Hollywood Reporter. His target is for Tesla to register profits by Q1 201 to fund the production of mass-produced multiple models of electric cars as well as expand the manufacture of electric power storage systems. The pair discovered six key weaknesses in the vehicle, alerted Tesla Motors Inc. and coordinated their disclosure with a fix from the automaker to reduce the risk to owners of the auto, which starts at $70,000.
Tesla Motors ( TSLA ) announced record vehicle deliveries for the second quarter of fiscal 2015 on August 5, 2015.
Musk’s breezy dismissal of the challenges associated with scaling up betrays his weak grasp on the brutal realities of manufacturing, even as those challenges push Tesla behind schedule at one-tenth the volume it is targeting in five short years.
The primary reasons it is hard to forecast Tesla sales are 1) it will have two models for sales in 2016 instead of the one model it sells now, and 2) there is an ongoing concern about Tesla’s production timing. Musk hinted via Twitter last year that Tesla was planning on a robotic charger. With a market capitalization of $31 billion, Tesla is worth more than Fiat Chrysler Automobiles NV, the much larger maker of Ram pickups and Jeep Grand Cherokees.
“A capital raise, given the way they’re burning cash today, given the fact that they have future investment needs, seems very likely at some point”, said UBS Securities analyst Colin Langan, who has a sell rating on the stock.
Using a colleague’s Model S, the pair began by removing portions of the dashboard to gain access to the electronics.
The new Tesla charging arm is still now in its prototype stages of development but as you can see from the footage the design looks fantastic and proves that Tesla is actually developing the charger that was teased by CEO Elon Musk back in December of previous year.
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The first vehicles are expected to be shipped from 30 September with a pricetag expected to be similar to the Model S, which sells from £50,000 in the UK. It reported a $359 million operating loss for the second quarter. Every major company in the world would like to have its own versions of Tesla models.
