Clearly, as added by experts, Tesla is still a greenhorn when it comes to mass production.
Musk has security clearance because another of his companies, SpaceX, provides satellite launch services to the US government.
Bloomberg's Model 3 production monitor suggests that the current weekly production number of the Model 3 is about 3,500 cars per week, not the 6,000 that Musk had suggested back in July. "However, if the decision is made to take the company private, an equity buyout (or EBO) may be a potentially viable option", analyst Adam Jonas said in a note to clients Friday. It's hard to sell electric cars. While Tesla has had no problems generating demand for the Model 3 (the company said in a regulatory filing that it had around 420,000 net reservations for Model 3 at the end of June, though it has since stopped taking reservations), the long wait for the base model will turn away some customers who would have otherwise bought it, Acevedo said. In late August, Musk acknowledged that paint has been a challenge. Even if it was live on television, Elon Musk's marijuana episode at the weekend was just one of several freakish decisions that have rattled investors in the U.S. electric carmaker.
Tesla's decline has been driven by accelerating "management credibility issues", Needham & Co. analyst Rajvindra Gill wrote in a report on Monday.
On August 1, Musk told analysts that Tesla plans to pay off its debt instead of refinancing it. Musk has also shot down speculation that Tesla will need to raise cash by selling more stock. Then, earlier this month, a handful of Tesla executives announced their departure after Musk appeared on The Joe Rogan Experience podcast speaking on topics such as electric airplanes while sipping whiskey and smoking marijuana. "We believe Tesla could consider an auction for its shares in the private equity market, financed by existing shareholders, new strategics, divestiture of valuable captive assets (Tesla autonomous/shared), and possibly some help from SpaceX".
Tesla said it manufactured 2,020 Model 3 vehicles in the last week of its first quarter after targeting 2,500. "We would definitely honor that obligation, and we would do so right now if it were possible", Musk said. Stock surged to an all-time high immediately following the news but fell sharply the day after when investors found out that Musk had not secured the funding.