Q4 Expectations: Tesla Needs To Speed Up Production

The hybrid car makers are on their way to deliver the Model X cars to customers, which is expected to speed up in the fourth quarter of the year

Tesla Motors made a great show of its launch of the much talked about Model X sports vehicle in the third quarter of the year which created an excited stir in the market, mostly among its fans and cloyal customers. However, the auto maker has now been lagging behind in the delivery of the car which is basically because of the production delays, that has demotivated the customers waiting for their Model X to be delivered to them and also the analysts who turned highly bullish at the time of the launch of the electric car. The auto maker did deliver a few units of the new car during the event’s activities, but so far the company has failed to do give out any of the cars which had been pre-ordered by customers.

Analysts think that to make its customers happy, it is vital for Tesla management to speed up the production of the hybrid car. Investor satisfaction is also very important at this point in time and it can only be achieved through quickening the process all together. As Elon Musk, the CEO of the auto giant, has stated in a couple of tweets that he made on the social media network, around 13 founder edition models have been delivered to the people who are closely related to the company. The slow process of production, however, should not be coming as a surprise to the industry as Musk already mentioned before the actual launch that there indeed are a few problems in the production that are to become a hurdle in quick manufacturing of the smart car. This has unfortunately turned out to be the truth as no deliveries have been made to customers other than the founder edition that can be taken into consideration.

On the other hand, analysts still do not know what to expect from the Tesla car production and whether it will be able to meet expectations in the industry or not. It is also being believed by analysts that by the end of the last fiscal quarter of the year, it is expected that the deliveries of the Model X are made in majority which is one thing the shareholders and customers seem to be holding on to. The auto giant has previously managed to prove its predictions and guidance right which is why analysts believe that if the management says it will speed up production in the last quarter, it might as well do it.