Tesla Has Plans To Save Money While Pressured To Hit Goals

Tesla CEO Elon Musk has recently confirmed that the company will have to bring it “all out” if they want to keep up with its deliveries soon. As of now, the company’s electric cars are still in demand and they need to catch up to prevent an impeding bankruptcy. Fortunately, the company seems to have a plan to get their goals.

Musk recently confirmed to Bloomberg that the company needs to “go all out” in the last days of June to set records for its quarterly goals. “There is a lot of speculation regarding our vehicle deliveries this quarter,” said Musk in an email to his employees. “The reality is that we are on track to set an all-time record, but it will be very close. However, if we go all out, we can definitely do it!” Musk continues.

Most reports circulating Tesla are about its incapability of keeping up with its demand. The customer demand for their vehicles is high but the company can’t deliver on all the orders made to them. Due to this problem, the company hasn’t been doing so well. However, Musk confirms that the company is actually doing record breaking work much to the chagrin of many reports of its performance.

Other than the company in hitting these goals, the company also has some financial problems to solve. The company has yet to fully pay its debt while developing vehicles such as the Model Y crossover SUV on the way.

However, the company is planning to make its own batteries instead of importing ones from Japan to further cut down costs for imports. Recently, the company was just granted a tariff exemption which would help them save money in its vehicle production in the long run.

If we take Musk’s words, the late 2019 release for its bigger battery variants would be on schedule and the Standard Battery variants would come in early 2020. The company has yet to update when will be the exact release dates for their new vehicles are. As of now, the company’s last update about the Model Y is the company leaning on producing the first batch of Model Y units on their Fremont plant.

For now, we’ll have to wait on Musk’s next announcement and the actual delivery of the vehicles on their announced release timeframe. We’ve yet to know if Musk has been rightfully confident about the company or this announcement is just one of his overly confident announcements.