Elon Musk Says He Might Be Bipolar

Elon Musk Says He Might Be Bipolar

While Tesla's newest Model 3 does have an impressive backlog of orders (the first of the vehicles was shipped this past week), those assessing how Tesla is likely to perform over the medium-term will be looking very closely at how the EV automaker performs in terms of deliveries and improved (or deteriorating) losses over the next few quarters.

Musk said around 500,000 people worldwide have already put down a $1,000 deposit to reserve a Model 3.

After laying the foundations for battery manufacturing at Gigafactory 1, he is now leaving just as the plant is about to ramp up production to support the Model 3 vehicle program.

Also noteworthy, 20 percent of owners with reservations are "unsure" if they will actually buy the auto, and another 7 percent said they are "unlikely" or "very unlikely" to do so, suggesting a "haircut" to Tesla's current deposit total of more than 500,000 could be ahead.

The first models of the 35,000 electric vehicle begin production this week.

Sacconaghi also noted two other data points that further support the argument that the Model 3 could threaten sales of S and X models.

Electric cars are seen by many as the cars of the future and Tesla agrees.

The compact Model 3 may not entice a global market that's increasingly shifting to SUVs, including all-electric SUVs from Audi and others going on sale soon.

More news: Apple Removes Popular VPNs From Its App Store in China

"Cannibalization by the Model 3 is clearly a risk - the fact that almost a third of current owners hold reservations raises concerns that the Model 3 may cannibalize sales of higher-end Tesla models upon launch", said Sacconaghi in his note.

Even if everything were to go right, Musk previously had indicated all those now holding reservations likely wouldn't take delivery of a Model 3 for at least 18 months.

A Reddit user claiming to work for robot making company Kuka posted the images of what he says are 467 robots being delivered to the car-making firm's California HQ.

The robots captured in the photos appear to be largely manufactured by Augsburg, Germany-based Kuka robotics, according to Teslarati.

'With years of experience, we are the master in the design of flexible and efficient production processes'.

Tesla started taking reservations for the Model 3 in March 2016.

Potential customers also could lose faith if Tesla doesn't meet its aggressive production schedule, or if the cars have quality problems that strain Tesla's small service network.

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