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Elon Musk said the Model 3 is the last product he'll have to gamble the company's existence on

6 days ago   |   By Business Insider

Fred Prouser / Reuters
Tesla CEO Elon Musk said he believes the Model 3 is the last product on which the company will have to bet its livelihood in an interview with Bloomberg .
Musk said Tesla had previously gambled its existence on its first and second vehicles, the Roadster sports car and Model S sedan.
The Model 3 has caused production problems and strained Tesla's finances, but Musk has said the company will become profitable in the second half of this year.
Tesla CEO Elon Musk said he believes the Model 3 is the last product on which the company will have to bet its livelihood in an...
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'We were huge idiots and didn't know what we were doing': Elon Musk blames Tesla's Model 3 production issues on being 'naive'

'We were huge idiots and didn't know what we were doing': Elon Musk blames Tesla's Model 3 production issues on being 'naive'

6 days ago   |   By Business Insider

Mark Brake / Getty Images
Tesla CEO Elon Musk said "we were huge idiots and didn't know what were doing" in an interview with Bloomberg , referencing Telsa's attempt to redesign the production process for the Model 3 .
Musk had hoped to make vehicle production faster and less expensive by significantly increasing the amount of automation Tesla used in its factories.
But the company struggled to increase automation and production capacity at the same time after launching the Model 3 sedan.
Musk said faulty robots and "naive" designers contributed to Tesla's production problems.
In an...
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