Here's what Tesla Engineers has planned for the future

Here's what Tesla has planned for the future.


Tesla Motors Inc. has recently unveiled the Model X which is a premium priced car. The vehicle was appreciated by consumers and critics for having a beautiful design along with top notch engineering. However, the price has yet to be a controversial subject. So now the company is targeting the “mass market Model 3 vehicle”. This new electric car is likely to be a game changer since it is likely to overcome the present losses so that it ultimately paves its way to churn profits. Initially it was stated that the launch of Model 3 will actually take the company to the last phase of its development life cycle. JB Straubel, chief technology officer at Tesla mentioned in a statement that the company’s employees are not critically monitoring Model X or Model S electric car at least these days. The reason behind streamlining its focus was to deploy all expertise on Model 3. At this point, it is early to say whether all the Tesla employees are concerned about Model 3 or it is getting the special attention of the development team. TSLS has undoubtedly succeeded in capturing a fair share in the electric car industry. However, the issue they are facing has either not still experienced high sales. The reason behind this is its skyrocketing prices. Model 3 is likely to get a price tag of $35,000 which in comparison is budget friendly. The company at this point is also working towards developing its Gigafactory that will have a huge assembly line that will have the power of producing almost half million vehicles per annum. By early 2016, the factory will initiate the production process. As of now, the company is producing almost 10 percent less than their annual estimation which is about 500,000. The targets for this year to produce 50,000-55,000 cars will be achieved due to slow production although the company has tried its best to increase the trend of EV cars. Apart from that it is also stated that Tesla Motors has also established a new paint shop that can accommodate 500,000 cars per annum in order to ensure smooth production. If the arrival is delayed by the Model 3 then the fixed cost will increase acting as a barrier in terms of profitability. Moreover, the company is also making various network charging stations across the globe that will cater to the increase in the demand for Model 3 by consumers.