The critical Model 3 cost structure appears to be improving with both scale and manufacturing experience, with the company expecting a 25 per cent gross margin "at some point” during 2019,” Canaccord Genuity analysts said.3 billion in cash and said it had "sufficient cash on hand” to pay a USD 920 million convertible bond maturing in March.Only five changed their price targets on Thursday, with three raises and two cuts.Of the 31 brokerages covering Tesla, 10 have a "buy” or higher rating, 10 "hold” and 11 have a "sell” or lower rating and their median price target is USD 327.The company estimated that Model 3 production at its Freemont plant will rise to 7,000 cars, and its Shanghai factory will build 3,000 Model 3s weekly by year’s end.

Tesla is pumping money into the Shanghai factory, which it hopes to bring on line at the end of this year with a target of producing 500,000 vehicles annually.The company is striving to stabilise production and deliver consistent profit.7 per cent in morning trade, pared most of their losses to trade down 0.. It ended the quarter with USD 4.77.JPMorgan analysts warned that Ahuja’s departure deprived the company of long automotive industry experience and relative stability in a company which has seen a steady stream of senior staff come and go since two sided shower enclosure 2016."Tesla serves the purpose of a ‘stalking horse’ to the fast-growing domestic Chinese EV industry, but we believe it has limited to zero terminal value in a region where a number of domestic champions should emerge,” Morgan Stanley analysts said..8k of unsold Model 3 inventory,” Cowen analysts said. Wedbush cut its price target by USD 50 to USD 390.50.But some analysts were concerned by Tesla’s indication that it is only making cars for China and Europe right now, and expects a gap of about 10,000 vehicles between production and deliveries because of vehicles in transit at the end of the first quarter..Tesla’s weaker-than-expected fourth-quarter profit, and its announcement that Chief Financial Officer Deepak Ahuja would leave and hand over the reins to 34-year-old Zach Kirkhorn, its vice president of finance, surprised investors, sending shares lower on Wednesday.

The company’s shares, which fell as much as much as 4. with Musk & Co giving some good granularity around projections for 2019 on the demand and production fronts, with ample cash to pay its upcoming debt payment which is around the corner,” Wedbush analysts said in a note."This is a strong indication that demand in the US for both the mid-range and long-range Model 3 versions has largely been exhausted, and the company is still working through the estimated ~6. But several analysts questioned whether the investment would pay off."

The profitability picture for Tesla looks encouraging .Tesla Inc shares fell on Thursday as Wall Street wondered if demand for its mass-market Model 3 sedan could be sustained while it tries to make substantial inroads in China.Chief Executive Officer Elon Musk said he sees higher demand for the Model 3, as the electric car maker begins to ship cars to Europe and Asia from its Fremont, California factory.

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No injuries were reported in the incident. The fire was doused by 4 pm. A man and a woman were also injured in the incident. A call was received at 2 pm about the blaze and 22 firetenders were rushed to the spot, he said.A fire had broken out in the storage unit on the ground floor of the two-storey building in Bawana on January 20 and had engulfed the entire structure.In another incident on Wednesday, a fire broke out in a commercial building in southeast Delhi’s Taimur Nagar on Wednesday, an officer from the Delhi Fire Service said. He was produced before a city court that sent him to a judicial custody, the police said.Of the 17 who died during the incident 10 were women.

The crime branch on Monday arrested Manoj Jain’s son Rinku (25) after they found that Clawfoot Bathtubs he was also responsible in the incident..New Delhi: The Delhi police arrested the son of one of the owners of a firecracker factory in outer Delhi where 17 people were killed in a massive blaze earlier this year, the police said.The police had arrested two co-owners Manoj Jain and Lalit Goyal in connection with the incident and later also arrested Surjeet Goyal and Girish Rathore, their partners in another factory in Bawana.

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Samsung Electronics plans to double the production capacity for mobile phones and fridges at its main wholesale bathtub factory in India, expanding in a country where US rival Apple Inc.India is the worlds second biggest smartphone market and its fast becoming a battleground for handset makers vying for a bigger share as sales in Asian powerhouse China start to lag.

It also makes televisions at the plant."Samsung would want to reduce their dependence on manufacturing in Vietnam and shift more operations to India," said Tarun Pathak, associate director at technology research firm Counterpoint."Samsungs expansion also comes at a time Prime Minister Narendra Modis government is pushing to increase technology manufacturing through its flagship "Make in India" initiative launched in 2014."India looks like a promising manufacturing hub in the coming years and Samsung could make it their base for exports. has started assembling phones.

The South Korean company said in a statement on Wednesday it would spend 49 billion rupees ($764 million) over three years to expand the factory on an additional 35 acres at the site on the outskirts of New Delhi.Apple began assembling its iPhone SE model last month in the southern Indian technology hub of Bengaluru and a government official has said it could increase the local share of production over time.

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"You can't just defy the laws of business physics which require you to go down a learning curve collectively to build that systems know-how,” he said.Putting aside the issue of capital requirements, auto experts point to a shortage of manufacturing engineers, whose ranks were thinning out even before the US auto crisis hit in 2008. Traditional automakers have more human and financial resources than cash-burning Tesla: Tracy pointed to Nissan Motor ability in 2004 to bring in 200 engineers from Japan to help fix quality issues at its recently opened assembly plant in Canton, Mississippi.’”

Tesla is known for pushing the envelope on design and technology but has stumbled in manufacturing, with prior launches marked by delays and quality issues. Robust early reservations for the upcoming Model 3 mass-market car may have assured Musk of demand, but now comes the execution, said automotive recruiter Stephen Parkford."Greybeards” are crucial to build and run factory systems, said Oge.. But while young engineers will jump at the chance to work for Tesla, the "by-the-numbers, disciplined manufacturing guys” with 15-20 years experience will be harder to nab, said Cuneyt Oge, president of the Society of Automotive Engineers. You got the menu, but you don't have a chef!” he said. "It's a constant issue we have in this country,” said Garth Motschenbacher, director of employer relations at Michigan State University's College of Engineering. "If Elon is sleeping in a sleeping bag in a conference room off of the final assembly line, then there's an awful lot happening in that factory that's wrong,” Tracy said. At the same time, Alphabet's Google and Apple are working on car programs and courting the same potential employees. Musk needs a visionary auto industry veteran, Oge said. One key obstacle is the high price of living in Silicon Valley. The same day Tesla said its vice presidents in charge of production and manufacturing were leaving. Technology entrepreneur Elon Musk gave a public shout-out to the sharpest minds in manufacturing this week, calling on them to come help Tesla Motors build a million all-electric cars a year by 2020. While Tesla employees may cite Musk's tirelessness and attention to detail, even bedding down inside his Fremont, California factory, others like consultant Tracy see a worrying sign. "But anyone with that kind of experience is going to say, ‘Hey, Elon, you can't do this in two years.A 2015 Deloitte report found it takes three months to hire skilled engineers, and the shortage is crimping manufacturers."You're looking at a company with significant levels of management turnover at the highest ends, people without experience in the planning, design or build of vehicles, and you expect to crank it up at those kinds of volumes ” asked Michigan-based auto manufacturing consultant Michael Tracy.Musk says he is "hell-bent” on making the Silicon Valley automotive upstart a manufacturing powerhouse, but his vision relies on finding veteran auto engineers to ramp up volume ten-fold in four years - a challenge even for established carmakers. "

It's like reservations for a restaurant that's not open yet.Hiring a highly proven production engineer from a traditional carmaker who arrived with his entire team acrylic bathtub manufacturer could speed the process, Parkford said.Elon Musk gave a public shout-out to the sharpest minds in manufacturing, calling on them to come help Tesla Motors build a million all-electric cars a year by 2020."For the longest time manufacturing was seen as the dirty end of engineering,” he said. So are established auto names like Ford Motor, General Motors and Toyota Motor.

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