After releasing third-quarter earnings in 2016, Musk told investors that Tesla would not need to raise more capital to launch the Model 3; however, the company received $1.2 billion from a share and convertible debt offering in March, and raised another $1.8 billion in a bond sale in August for Model 3 production.
During a conference call with investors tonight where Musk addressed both the Model 3's production problems and the company's record $619 million quarterly loss, he yelled "SHAME" at the journalists who covered the firings, according to our own Ryan Felton, who was on the call, and numerous other reporters listening in.
Kate Winslet and Allison Janney kiss on stage at Hollywood Film Awards
The Academy Award victor continued, "I want to stroke you, or something". "We could always kiss or something... maybe". She grabbed the actress and leaned in for a smooch, placing her hands on either side of Allison's face.
Musk told analysts a subcontractor for the Gigafactory "really dropped the ball", forcing engineers to rewrite software in four weeks.
"It is harder to supplement with manual labor than the [Model] S or X because it is a very high degree of automation", Musk said. Tesla is betting its first mass-market car will elevate it to become the first automaker to join America's famous "Big 3" in more than 50 years.
Musk said Tesla will be able to claw back some of the money it paid the subcontractor, but not enough to make up for losses resulting from the problem. Tesla says it was expecting this and attributed it to an increase in Model 3 manufacturing costs, as well as Model S and Model X price adjustments, which came alongside some trim discontinuation. The company had expected to produce about 1,500 during the period.
U.S. resumes visa services in Turkey on "limited basis"
Turkish President Recep Tayyip Erdogan accuses Mr Gulen of instigating the unrest - a charge the cleric denies. Turkey retaliated by halting visa services in the US for Americans who want to travel to Turkey.
It added that it had produced just 260 of the Model 3 cars in the third quarter, rather than the 1,500 it had planned to build.
Thousands of Model 3s were supposed to have been sold by now. But it or something like it will have to be mastered if fully autonomous cars are to become a reality.
It made a loss of $619m (£468m) in the three months to 30 September, up from $336m in the previous quarter.
Japan's 'Black Widow' sentenced to death for killing partners
Nakagawa rejected defence lawyers' arguments that Kakehi was not criminally liable because she was suffering from dementia. It was the second-longest court case involving a jury since Japan introduced a joint judge-jury system in 2009.
Musk also criticized recent news articles reporting that Tesla had fired hundreds of workers, which anonymous sources suggested were union-leaning. In particular, Musk discussed in detail the battery module assembly issue mentioned above. Highlighting the complexity of juggling a production ramp across not just a global supply chain but across literally dozens of individual production lines that are effectively prototypes, Tesla shared that some manufacturing lines have only demonstrated a throughput rate of 500 units per week. He recalled being on the assembly line at 2 a.m. on a Sunday to help diagnose robot calibration issues and said work was being done seven days a week to solve the problems vexing the gigafactory. A manufacturing presence in the country could boost its revenue in the world's largest electric vehicle market.