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Stock impact report

Elon Musk's extreme micromanagement has wasted time and money at Tesla, insiders say [CNBC]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: CNBC
The team outlined four tiers of car parts that could be put together by machines, from the most rigid and easiest parts, to the most difficult items, which were the flexible components including wire harnesses, carpets and trim. Musk told them to automate everything through tier 3. The team warned him robots aren't good at installing floppy parts like the big foam hoops that are the seals on Model 3 doors, and that Tesla needed more engineers to manage such extensive automation. But Musk insisted. The company built big stalls into the Model 3 production line at its Fremont factory, including expensive robots that could, in a perfect setup, put seals on doors. They never worked correctly, and primary seal automation was designated for removal in the first quarter of 2018. The equipment remained for months with cars streaming through the stall. The robots were finally taken out this summer. Musk eventually acknowledged in an interview with CBS and a tweet in April 2018 that Show less Read more
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