Published: Mon, July 16, 2018
Markets | By Terence Owen

Elon Musk on Tesla (and Himself): 'We Were Huge Idiots'

Elon Musk on Tesla (and Himself): 'We Were Huge Idiots'

Tesla opened the taps on Model 3 sales this week by dropping the exclusive reservations list it established past year, allowing anyone in the U.S.to order one of the small sedans with a $2,500 deposit.

Elon Musk and Shanghai Mayor Ying Yong shake hands.

In an interview with Bloomberg published Friday, Tesla CEO Elon Musk said "we were huge idiots and didn't know what we were doing" when attempting to redesign Tesla's production process for the Model 3.

According to Tripp, the board Tesla used to alert workers at its Fremont, California assembly plant grossly overstatement actual production figures.

Norway today is the third country in number of vehicles sold Tesla after the USA and China.

Panasonic would be open to working with Tesla in Shanghai, Bloomberg reported.

The announcement of the new Tesla venture comes as US companies face pressure from US President Donald Trump to keep manufacturing jobs at home, and as Beijing and Washington spar over terms of a trade in a fight that only last weekend significantly hiked the price of imported Teslas sold in China.

The factory will alter the geopolitical terrain of battery production.

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Tesla has delivered 200,000 electric cars to buyers in the United States, a spokesperson said on Thursday, meaning tax credits will now begin to be lowered, while rivals such as Mercedes-Benz, BMW AG and Audi AG will bring electric models to the market with a full tax credit in place.

Recently, though, leading manufacturers LG Chem and Samsung SDI have sold more of their product into their domestic market in South Korea, said GTM Research analyst Mitalee Gupta, who studies energy storage supply chains.

According to Bloomberg, Tesla may have delivered more vehicles to customers outside the U.S.in Q2 in order to avoid hitting the 200,000 USA delivery cap in that quarter and hit the cap in Q3. He also blames the EV maker for his problems of finding legal representation, stating: "There's nearly a cult of Tesla".

"The NPRA gave its answer on June 1, explained the regulations that are valid and that they would welcome a potential application from Tesla Norway to permit mobile service vans".

A Tesla spokeswoman confirmed the change to Green Car Reports, but declined to comment further.

That means Teslas, which already cost more in China, just got more expensive.

The Model S sedan and Model X sport-utility vehicle can each cost more than $100,000.

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