Tesla’s trying to solve an incredibly important goal for our society; it’s not just about making money, which is important, and building cars. It’s about creating an [electric vehicle] infrastructure and future for all transportation companies. Tesla’s future is a hotly debated topic. And even more so after Elon Musk’s recent outbursts on Twitter and headlines that the electric car company is asking suppliers for refunds.
1. TESLA’S WORLD WITH AUTONOMOUS SELF DRIVING CARS IS ON THE VERGE, BUT WITH DOUBTS
Talking about the self driving cars technology, the more people become familiar with it the less they are going to trust it at the end. According to the recent news the total number of share of drivers who thought roads would be safer with fully autonomous vehicles has dropped to 45 percent, its even down to 18 percent since the survey of 1,250 respondents was last taken in 2016. Taking recent examples like in March, a Tesla driver using the automaker’s semi-autonomous Autopilot feature died when the Model X hit a highway barrier in California. It was the second death while Autopilot was in use; in May 2016 a driver in Florida was killed when his Model S T-boned a semitrailer. The U.S. National Transportation Safety Board cleared Tesla of wrongdoing in what was believed to be the first self-driving car fatality, though a strong warning was issued to the electric-car maker to clarify to owners how the system should be used.
2. TESLA GOING SEMI PRIVATE MAY ADDS TO ITS TROUBLE
The company has attempted uncommon measures as it looks for productivity, cutting expenses and notwithstanding raising a tent-secured third sequential construction system at its assembling plant. Be that as it may, a considerable lot of those strategies may not be manageable for long, and some could even hurt the organization down the lane. The importance of the company’s future depends upon the state of its balance sheet and mainly to its upcoming cash-position in the market. Now it becomes even more important because of the surprise declaration on August 7 that he might think of exploring the ways to take the company to go private or at least to semi-private.What’s more, Tesla’s money related position will significantly affect any potential push to take Tesla private. Speculators assessing a potential take-private arrangement will survey Tesla’s long haul prospects, as well as its present money available and obligations. To accomplish that productivity, Tesla is scrambling to cut spending in every aspect of its activities. In June, it reported it would lay off around 3,500 representatives, around 9 percent of its workforce, in a cost-cutting move. It has moved toward a few providers about discounting some cash Tesla has paid for ventures that are as yet in progress. What’s more, Tesla has much more uncommon cost cutting designs in store. It has said it intends to cut capital consumptions by a fourth this year — to about $2.5 billion from $3.4 billion out of 2017.
3. NO PLANS TO RENOUNCE CHAIRMAN-CEO ROLES: ELON MUSK, TESLA
Elon musk is having no plans as of now for renouncing from his duo role as a chairman and a CEO of the TESLA though he us under scrutinizing pressure U.S. Securities and Exchange Commission and is facing lawsuits over his tweets last week about taking Tesla private, his idea was not to make any hurdle between anyone but simply he just made the tweet in an attempt to make the process even more transparent between the consumers, clients and the company. Another probability under thought is that SpaceX, Musk’s space transportation organization, will help bankroll the Tesla privatization and will take a proprietorship stake in the carmaker, the NYT stated, refering to anonymous individuals acquainted with the issue.
4. ELON MUSK’S SPACE-X COULD HELP IN FUND TAKE-PRIVATE DEAL FOR TESLA
Space-X also known as the rocket company of Elon Musk could help fund a bit in taking Musk’s electric car company Tesla private. Musk startled Wall Street a week ago when he said in a tweet he was thinking about taking the auto company private for $420 per share and that subsidizing was “anchored.” He has since said he is looking for stores for the exertion. Musk said on Monday that the chief of Saudi Arabia’s sovereign riches finance had voiced help for the company going private a few times, including as of late as two weeks back, yet additionally said that discussions proceed with the store and different financial specialists. Elon Musk, Tesla’s chief executive, described the difficulties over the last year for him as the company has tried to overcome manufacturing issues with the Model 3 sedan and that is why he is taking the help from his another company Space-X for the fund. To get more updates like this please don’t forget to follow us and hit that Bookmark icon for quick access!