Alex Dudov
The launch of new models of Tesla (TSLA) cars does not usually pass without an incident. There were difficulties with many previous models. Now the problems started with its newest model, the Model Y.
The launch of the Model Y production began before the factory in Fremont was closed down for the pandemic. After its re-opening, the company was going to increase production. However, the plans were not fated to come true.
CEO Elon Musk decided once again to go to the production line and see if he can resolve this issue himself.
We are doing reasonably well with S, X and 3, but there are production and supply chain ramp challenges with Model Y, as is always the case for new products Elon Musk, Tesla CEO
It is not yet known how the presence of Elon will help the workers at the plant. It all looks like a publicity stunt. How can a billionaire walking around a factory help the workers assembling his cars? However, such walks end up in the production moving ahead.
It is worth noting that the Model 3 also had similar problems and Elon's measures had an effect. Tesla believes the Model Y will be much more successful than the previous ones and that it will be able to capture the Model 3 market. If it happens, Tesla will be able to occupy its niche in business for a long time.
Musk said that in the long run, he estimated that deliveries of the Model Y could grow to 1.25 million units per year. Over the past 12 months, Tesla has delivered approximately 393,000 vehicles. Based on these figures, we can assume how important the Model Y is for the company's growth.
Investors are watching for any comments from management on the current increase in model Y production and supply in future quarterly updates.
Alex Dudov
