Tesla Cuts Number of Car Paint Options Available to Boost Productivity

Tesla Cuts Number of Car Paint Options Available to Boost Productivity

Tesla Cuts Number of Car Paint Options Available to Boost Productivity

But it's more likely those deliveries will begin in 2019 as Tesla focuses on generating higher profits with more expensive models, according to Jeremy Acevedo, a manager of industry analysis for Edmunds. Bernstein noted that headlines have overshadowed the little we've heard about fundamentals, suggesting that "the company appears to remain on track to meet its Model 3 production guidance". Praised by reviewers, but subject to production delays and reports of inconsistent quality, the vehicle has put pressure on Tesla to prove it can transition from a luxury automaker to a mass-market one.

Contrary to an emerging Tesla bear thesis that demand for the Model 3 is declining, the analysts noted that the electric auto maker is now focused on selling higher-margin cars such as the Model 3 Performance and the Long Range AWD Model 3, where "demand continues to exceed what is being produced".

Tesla's Gigafactory, its lithium-ion battery-production facility, "creates a significant barrier for competition and manufacturing capability" that should benefit Tesla over the long term, Kallo and Katter said.

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Tesla will be removing Obsidian Black Metallic and Silver Metallic from the Model 3's lineup tomorrow.

A Tesla spokesperson further told the news outlet that this dropping of options happened occasionally and it could also include price adjustments.

Customers should check for current pricing and packaging options on Tesla's website, the statement said.

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Tesla shares have lost over 25 percent of their value since early August in the immediate wake of Musk's "funding secured" tweet. The waiting list for a Model 3 is more than 400,000 strong, and some people have been waiting since March 2016. They have fallen 29 percent from their August 7 intraday high of US$387.46 when Musk tweeted about taking the company private. "We would definitely honor that obligation, and we would do so right now if it were possible", Musk said.

With the worst of the problems seemingly behind Tesla, it seems that they should be well on their way to finally fulfill their ambitious targets as long as they can stay out of trouble. During the three months that ended in June, Tesla produced 53,339 vehicles and delivered 40,740. If their Model 3 breaks down, so will their commute.

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Preparations for street protests over the visit were already under way when it emerged Mr Trump has cancelled his trip. Labour Party leader Brendan Howlin tweeted that Trump "has been no friend of democracy or human rights".

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