logo
Plus   Neg
Share
Email

Tesla To Cut Two Color Options For Cars To Simplify Production

tesla-cut-091118-lt.jpg

Tesla Inc. (TSLA) has decided to eliminate two paint options for its luxury electric cars to simplify the manufacturing process. The decision was announced by Tesla CEO Elon Musk on Twitter.

However, the two color options will still be available to customers if they are willing to pay more.

"Moving 2 of 7 Tesla colors off menu on Wednesday to simplify manufacturing. Obsidian Black & Metallic Silver will still be available as special request, but at higher price," Musk said in his tweet.

Last Friday, Tesla's shares fell in the regular trading session after the luxury electric car maker said in a regulatory filing that its Chief Accounting Officer Dave Morton resigned on September 4, after just a month in the job.

The news of Morton's resignation came just after Musk's interview with comedian Joe Rogan Thursday night. Musk appeared to smoke marijuana and also sipped whiskey during the live interview on 'The Joe Rogan Experience' podcast.

Musk's leadership was also called into question after he surprised investors in early August by saying he wanted to take Tesla private, only to cancel his plan later.

Tesla had also been struggling to speed up the manufacturing process of its Model 3 at its factory in Fremont, California and had also missed Musk's Model 3 production forecasts several times.

While reporting its second-quarter financial results in August, Tesla said that during the month of July, it repeated weekly production of about 5,000 Model 3 cars multiple times, while also producing 2,000 Model S and X per week.

Tesla had said it aims to reach Model 3 production of 6,000 vehicles per week by late August.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
McDonald's Corp. has announced the return of its popular Shamrock Shake milkshake for a limited time at participating U.S. restaurants nationwide. The minty green milkshake is made with McDonald's vanilla soft serve blended with Shamrock Shake syrup and topped with whipped topping. It first debuted on the McDonald's menu in 1970 and has been a seasonal tradition for nearly 50 years. Asia-focused lender HSBC, through its blockchain-powered platform, has reduced the cost of settling foreign exchange trades by 25 percent, Reuters reported quoting a bank executive overseeing the project. Mark Williamson, chief operating officer of FX cash trading and risk management, told that the bank processes between 3,500 and 5,000 trades a day on its "FX Everywhere" system. PepsiCo, Inc. (PEP) reported fourth-quarter core EPS of $1.49 compared to $1.31, prior year. Excluding the impact of foreign exchange translation, core constant currency EPS increased 17 percent year-over-year. On average, 19 analysts polled by Thomson Reuters expected the company to report profit per...
Follow RTT