by Industry Week | Technology
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| * Tesla Model S: (Credit: Industry Week) |
The firms are telling investors that Tesla is learning from the mistakes that delayed its previous launches and is on track to make the shift from producing tens of thousands of $80,000 cars to hundreds of thousands of $35,000 cars.
Wall Street analysts have been touring Tesla’s massive factory in Fremont, Calif., and they're returning with the same conclusion: [ Elon Musk's electric-vehicle company is getting ready for something big ] .
In a sign of this enthusiasm, Robert W. Baird & Co. upgraded its Tesla rating on Monday morning following a factory tour.
Tesla spent some $1.6 billion on major upgrades last year as it prepares to launch its first attempt at a mass-market car—the Model 3—on March 31 . The transformation is striking, according to auto analysts at Stifel Financial Corp., Credit Suisse Group AG, and Baird.
Companies which have been visiting Tesla's California factory include Stifel and Credit Suisse which has seen improvements in Teslas factories including New Aluminum Stamping Press, Paint shop, Faster Assembly Lines, 'Dimensional Design Studio' More Robots, More Humans, Batteries,
Stifel and Credit Suisse both noted Tesla's new aluminum stamping press, which Credit Suisse's Galves says has 10 to 20 times the output of Tesla's older machine.
The bodies of the Model S and Model X are both made of aluminum, which costs twice as much as steel but weighs less. Tesla hasn't yet disclosed the composition of the Model 3.
Keeping the weight down on electric vehicles helps achieve the maximum range on the battery, but maintaining a balance between cost and performance is crucial for a mass-market plug-in car.
Read more about this story from[ The Industry Week ].
Wall Street analysts have been touring Tesla’s massive factory in Fremont, Calif., and they're returning with the same conclusion: [ Elon Musk's electric-vehicle company is getting ready for something big ] .
In a sign of this enthusiasm, Robert W. Baird & Co. upgraded its Tesla rating on Monday morning following a factory tour.
Tesla spent some $1.6 billion on major upgrades last year as it prepares to launch its first attempt at a mass-market car—the Model 3—on March 31 . The transformation is striking, according to auto analysts at Stifel Financial Corp., Credit Suisse Group AG, and Baird.
Companies which have been visiting Tesla's California factory include Stifel and Credit Suisse which has seen improvements in Teslas factories including New Aluminum Stamping Press, Paint shop, Faster Assembly Lines, 'Dimensional Design Studio' More Robots, More Humans, Batteries,
Stifel and Credit Suisse both noted Tesla's new aluminum stamping press, which Credit Suisse's Galves says has 10 to 20 times the output of Tesla's older machine.
The bodies of the Model S and Model X are both made of aluminum, which costs twice as much as steel but weighs less. Tesla hasn't yet disclosed the composition of the Model 3.
Keeping the weight down on electric vehicles helps achieve the maximum range on the battery, but maintaining a balance between cost and performance is crucial for a mass-market plug-in car.
Read more about this story from[ The Industry Week ].
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