ELON MUSK takes wrong turn with Tesla Model 3

Elon Musk Ties Salary to Tesla's Long-Term Success

These problems include Tesla needing to make some of the batteries by hand and borrowing scores of employees from one of its suppliers to help with this manual assembly, said these people.

A Tesla spokesperson dismissed the claims as "false", saying: "The implication that Tesla would ever deliver a auto with a hazardous battery is absolutely inaccurate, contrary to all evidence, and detached from reality". The production system at Tesla's Nevada Gigafactory was set up for building S and X batteries, and the automated production line did extremely well, however, it won't work for the Model 3 battery pack because it is too slow.

The Tesla Model 3 has had delays in its production schedule.

To be fair, one engineer told CNBC that a lack of spare capacity leads to frequent shutdowns: "There's no redundancy, so when one thing goes wrong, everything shuts down". They claim some batteries were manufactured without enough space between the individual lithium-ion cells. This is where the problems arose. and according to the CNBC report, the employees said, "the complex and precise work is hard to accomplish manually, resulting in high scrappage rates and the risk that some battery packs could fail in the field". "Today, Tesla is winding down manual assembly as much as possible at the Gigafactory".

The report cited a current Gigafactory engineer who said that in the mid-December hand-production frenzy, workers were manually "slapping bandoliers together as fast as they possibly could", with the potential for misalignment. They said many quality inspectors were temp-to-hire workers with no automotive experience who Tesla hired via a staffing agency. Several of CNBC's sources say these employees miss flaws during inspections, and allege that some Model 3 batteries could short out or even catch on fire as a result.

The battery in the Model 3 The issues all boil down to the battery assembly.

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Texas Permanent School Fund Reduces Holdings in HCA Healthcare Inc (HCA)
HCA Healthcare has a 12-month low of $71.18 and a 12-month high of $97.12. (NYSE:HCA). 9,000 are owned by Ray Gerald L Associates. With 2.49 million avg volume, 5 days are for Hca Holdings Incorporated (NYSE:HCA)'s short sellers to cover HCA's short positions.

CNBC's full report on the problems impacting Tesla is well worth a read and can be viewed over here.

"To be absolutely clear, we are on track with the previous projections for achieving increased Model 3 production rates that we provided earlier this month", a Tesla spokesman said in a e-mailed statement.

"As has been well documented, until we reach full production, by definition some elements of the production process will be more manual".

The spokesperson rejected the idea that Tesla would use flawed batteries that pose a fire risk, as well, saying, "the implication that Tesla would ever deliver a vehicle with a hazardous battery is absolutely inaccurate".

Tesla countered that it tests batteries in many other ways, "including shock and vibration, and high temperature and humidity testing, as well as thermal cycling endurance testing throughout design and via sampling in production". Conversely, if at any point in the production process cells are touching at different voltage potentials, they can not be electrically interconnected. Shareholder updates indicate that the company delivered fewer than 2,000 Model 3s by the end of 2017. According to analysts polled by FactSet, Tesla is expected to report an adjusted loss of $3.04 a share on sales of $3.3 billion in the quarter.

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