Published: Mon, April 16, 2018
Business | By Tara Barton

Elon Musk Admits Excessive Automation To Blame For Model 3 Delays

Elon Musk Admits Excessive Automation To Blame For Model 3 Delays

So there are 10 fewer fatalities and tragedies and serious injuries.

Tesla is still a party to ongoing investigations of a Tesla Model X crash in Lake Forest, California, on August 25, 2017, and a January 22, 2018, crash of a Tesla Model S near Culver City, California. That has postponed revenue from reaching Tesla's bottom line from cars being delivered to customers.

"Excessive automation at Tesla was a mistake", Musk tweeted. When Tesla launched the Model 3 in July, Musk said the company would produce 20,000 a month by the end of 2017. Only one of 19 analysts covering the stock sees positive adjusted earnings per share in the third quarter, with that number growing to four for the fourth quarter.

Speaking to "CBS This Morning" co-host Gayle King during a tour of the factory, King brought up the topic about how the robots used in production actually slowed the process down.

However is there something as too much automation?

The relevant part of the Information and Guidance for Parties to NTSB Accident and Incident Investigations agreement and the reason that Tesla is no longer an active party to this accident is section VIII, titled Release of Information.

Cold front to bring cool temperatures, breezy winds
As for the front that looks to produce another decent round of showers and storms. "After the storms, we will have a cooldown". Wednesday clouds will start to build throughout Acadiana as gulf moisture moves over the region with highs in the lower 80s.

Musk told CBS Tesla is now producing 2 000 Model 3 cars a week.

Moody's added its negative outlook for Tesla "reflects the likelihood that Tesla will have to undertake a large, near-term capital raise in order to refund maturing obligations and avoid a liquidity shortfall".

VIII. Release of Information Prior to the NTSB's adoption of the final report, only appropriate NTSB personnel are authorized to publicly disclose investigative findings, and, even then, the release shall be limited to verified factual information identified during the course of the investigation.

A Tesla spokesperson said in a statement that the NTSB requirement to not divulge information on Autopilot "fundamentally affects public safety negatively (and) we believe in transparency, so an agreement that prevents public release of information for over a year is unacceptable".

Tesla said it had chose to remove itself from the investigation.

You can view Musk's full interview with King on CBS News. "It is not a self-driving system".

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