Tesla lost $ 5 billion of its capitalization for two days :: Investor.bg

5000 units of its Model 3 sedan per week. Thus, the production goal was reached for the first time. But then it became clear that in recent days, the automaker has postponed the tests to stop the car. That's what the so-called brake and roll tests, Business Insider and Bloomberg

Tesla CEO Ilon Musk seems to have ordered his engineers to Tesla's factory In Freeman, California, to remove the standard braking test from the tasks that Model 3 must accomplish to achieve the production goal, it is clear from the internal business documents that Insider has at its disposal. The test was apparently closed at 3 am on June 26, a source familiar with the case. It is unclear why this particular test was suspended or for how long.

According to an industry expert, the braking test is an important part of the automobile manufacturing process that takes place in the final phase. The test ensures that the wheels of the car are perfectly aligned and checks the brakes and their function by driving the engine of the vehicle at certain revolutions per minute and observing on the diagnostic machines how the car reacts.

In a statement, Dave Arnold told Business Insider that every car undergoes "rigorous quality checks," including braking tests.

Earlier, however, Tesla called the brake tests that were recently "useless". The company told the media: "

" Every car we build undergoes rigorous quality controls and must meet strict specifications, including braking tests.To be very clear, we drive each model 3 on our track to test the brakes, torque, noise. The New York Times reports that the company has reduced the number of spot weld seams used in the square of about 300 units, or about 6 %, but there are about 5,000 welds, but the engineers concluded that about 300 are useless and have reprogrammed the robots to bademble the steel shell without them

Once the news of the abandonment reach the media, Tesla's shares have come down, but that CFRA Research Analyst suddenly changed its rating to "sell" stakes by explaining that he did not believe that the company could keep up with the pace of production

Tesla claims that the 3-car models produced on the tents-covered production line are of the same quality as those manufactured at the factory were interviewed by Bernstein badyst Tony Saconachi, who has also stated that vehicle bookings appear stable or slightly down [19659004] Although Tesla has once again committed itself and its net earnings guidance to US GAAP and positive cash flows in the third and fourth quarters, if the company achieved, are likely due to "point savings" or product combination factors. will not solve the problem of the long-term profitability of model 3 ", Saconi explains in a note to his customers, estimating Tesla's share at $ 265.

Tesla's comments on the net reservation of sedans are worrying for the request, said David Tamerino, badyst of Goldman Sachs, in a note.

Tesla's stock was depreciated by 7.2% at the end of Tuesday's production session, the biggest decline since March. The two-day decline in the company's shares has erased more than $ 5 billion of a company's market value, sending it back after General Motors by market capitalization – for the first time since June 25, according to Bloomberg. .