Following the recent publication of the financial report for the third quarter of this year, it became clear that Tesla is suffering record losses. Not to say that the financial position of the company surprised investors, but reported the amounts of the forced Mask to record a very emotional video in which he talked about his work and tried to explain the current setbacks.
The video, in which he spoke with financial analysts and investors, Musk led directly from the plant, the Gigafactory, where, according to the head of the company, he now spends most of the time. Shortly before the broadcast Mask published in Instagram a photograph in which he, along with the staff had a picnic on the roof of the plant and roasted marshmallows on the fire in the night. The caption States that to go somewhere on vacation, the team just has no time, and then called the situation with the production of Model 3 production of the eighth circle of hell.
Btw, just want to express a word of appreciation for the hard work of the Tesla Gigafactory team. The Reason I camped on the roof was because it was less time than driving to a hotel room in Reno. Production hell, ~8th circle …
— Elon Musk (@elonmusk) October 26, 2017
According to the head of Tesla, the joint efforts of employees of the company could if not highly, but to improve the situation, as everyone is working seven days a week. The Masks, according to him, were stuck in the shop with one of the robots on Sunday night, trying to deal with his problems. Then Musk said that he sees finally the light at the end of the tunnel and I am sure that things will get better soon. Problems with the supply Model 3 arose from the supply of batteries that just have no place to take in the required quantities.
Probably, these assurances will help the Mask once again to appease investors, but it is clear that the enthusiasm they have greatly diminished. It is known that throughout its activity the company operates in the red, continuing to operate only because of generous state subsidies, and preferential rental conditions. So, according to some estimates, SolarCity and Tesla for all time of its existence, received from the state about five billion dollars.
Help to save money and other nice bonuses. A survey conducted two years ago to investigate the plant, built on the allocated budget of new York money, is leasing company SolarCity just one dollar a year. Very good, especially considering that the company still does not pay real estate taxes.
Nevada singled out Tesla more than a billion dollars of subsidies for the construction of the Gigafactory, but there is still a state, other deductions that the company receives for contributing to the development of “clean automobile”, and investors…
While Elon musk turns out to be charming and convincing, but as soon as the credibility of it will be exhausted? Perhaps it should ask the AI, which was last time, the head of SpaceX and Tesla so feared.
Elon Musk: I personally repairing broken robots in the factory, and we remain in hell
Vyacheslav Larionov