Tesla Model 3 Development Work Constrained By Tax Relief Program

model3giftdk

Sketchy…

Documents filed by Tesla with the California Alternative Energy and Advanced Transportation Financing Authority and obtained exclusively by Daily Kanban have provided unique perspective on the electric automaker’s ramp-up to production of the Model 3. But there’s more to the story than the production side: Tesla’s equipment purchases are split between production equipment and tooling for the development and prototyping of Model 3, new versions of the Gen 2 vehicles and possibly even other vehicles hinted at in Tesla’s Master Plan Part Deux. This helps explain why the production volume increase from Tesla’s $1.2b investment in Model 3 is so modest, but what does it say about the state of the Model 3’s development?

[Continue Reading]