Irrespective of which hell it is trying to get out of, luxury carmaker Tesla is moving ahead and streamlining issues surrounding its electric car lineup. Shareholders would be particularly thrilled if it latches on to profitability.
In a development that underscores the progress made by luxury carmaker Tesla Inc, its Chief Executive Officer, Elon Musk acknowledged that the issues surrounding the company now are delivery logistics; this is an improvement from its earlier production delays.
Delivery logistics is the latest speed bump to have hit Tesla as it strives to achieve growth and profitability.
“Sorry, we’ve gone from production hell to delivery logistics hell, but this problem is far more tractable. We’re making rapid progress. Should be solved shortly,” tweeted Musk in response to a customer complaint on delivery delay.
The carmaker’s ability to adhere to its production targets has weighed down its shares. Tesla is working on ironing out its production bumps after failing to meet production targets for its Model 3 sedans.
In August, Tesla had stated, it plans on building at least 55,000 Model 3s in the third quarter.
Last week, Musk said, Tesla would streamline its production by eliminating a few color options for its electric car lineup.