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Chief Executive Elon Musk said this weekend on Twitter that Tesla Inc. would make most repairs in the event of a collision.
Musk promised quick repairs to Tesla
TSLA, -0.37%
and went on to say that the service and parts supplies will be a priority for Tesla after the company has achieved what it called the hell of logistics by delivering the model 3. It did not give any timetable for starting internal collision services.
Exciting to see some Tesla collision repair operations already completed within 24 hours. Aim the same day soon, then less than an hour.
– Elon Musk (@elonmusk) September 16, 2018
Outdoor repair shops are all-round jobs, which means supporting thousands of brands and models. Tesla collision repair specializes in three. Having all the parts in stock and not waiting for the approval of the insurance also makes all the difference.
– Elon Musk (@elonmusk) September 16, 2018
Sorry, we went from the hell of production to the hell of delivery logistics, but this problem is much easier to solve. We are making rapid progress. Should be resolved shortly.
– Elon Musk (@elonmusk) September 17, 2018
Tesla shares fell more than 1% on Monday, dropping some gains last week, when they rose 12%, bringing September losses to 3.5%.
Related: China could face the same problems as Tesla
The stock lost 6.5% this year, versus 8% and 6% for the S & P 500
SPX, -0.29%
and the Dow Jones Industrial Average.
DJIA, -0.08%
Tesla is a few weeks away from the release of third-quarter delivery figures, its proxy for sales. Unlike other automakers, who report monthly sales, Tesla announces quarterly shipments a few days after the end of the quarter, breaking them down by model. General Motors Co.
GM + 0.97%
has recently moved to quarterly sales figures.
See also: August auto sales could mark the start of a tough second half year
FactSet analysts expect Tesla to have sold about 82,000 cars in the quarter, including 56,000 Model 3 sedans, 12,900 Model S and 12,800 Model X SUVs. Total quarterly sales are expected $ 6 billion, up from $ 3 billion last year.
Tesla delivered a total of 40,740 vehicles in the second quarter, of which 18,440 were 3 models, 10,930 S models, and 11,370 X models.
Earlier on Monday, Gene Munster, of Loup Ventures, launched a series of calls, which he named "Roadmap" for Tesla over the next six months. He has not published his expectations for delivery.
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