Re:Uber confirms SoftBank has agreed to invest
by loceng on Monday November 13, 2017 @08:54AM
(#15686508)
They're a new automotive manufacturing company - being a few months off estimated production for Model 3 isn't a big deal. It's surprisingly good in hindsight.
Their current capacity capability at the factory is 500,000 vehicles annually. I suspect once they launch the Semi and get 500k+ pre-orders of it, they'll be able to get a loan to build or acquire another factory.
As Elon has mentioned many times, designing the automation is magnitudes harder than designing the vehicle itself. They're on an exponential growth path and it's going to be amazing once they're pumping out millions of vehicles annually.
Their current capacity capability at the factory is 500,000 vehicles annually. I suspect once they launch the Semi and get 500k+ pre-orders of it, they'll be able to get a loan to build or acquire another factory.
As Elon has mentioned many times, designing the automation is magnitudes harder than designing the vehicle itself. They're on an exponential growth path and it's going to be amazing once they're pumping out millions of vehicles annually.