Tesla factory churning defective parts and cars: CNBC

Tesla Inc. is making “a surprisingly high ratio of flawed parts and vehicles”, contributing to delays with the production of Model 3 sedans and hurting morale, according to a CNBC report Wednesday that cited unnamed current and former Tesla employees. Tesla told CNBC it subjects every vehicle to hundreds of inspections and tests. Tesla shares lost more after the report was published, and were recently down 3% compared with losses under 1% for the S&P 500 index and the Dow Jones Industrial Average.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply