Tesla Inc (NASDAQ:TSLA) is apparently causing sleepless nights for its billionaire founder Elon Musk as manufacturing problems continue to impede the roll-out of the Model 3 electric car.
Musk’s worries are warranted, according to a Wall Street Journal report, which highlighted that with the Model 3 roll-out, the company is entering the most critical phase in its history.
Elsewhere, there are separate reports citing Tesla employees who claim that the Model 3 manufacturing is suffering due to high volumes of flawed parts which needed to be either recycled or repaired.
The second report, by CNBC, does however state that Tesla has denied that its remanufacturing team is “reworking” cars whilst stressing that its quality control is rigorous.
In Thursday’s premarket transactions, Tesla stock was on the front foot, up 0.75%, changing hands at US$326.63.