>> Another setback for Tesla's Model 3, the electric car company's most affordable model, and the most important to its profitability. Tesla, temporarily stopping production Tuesday, the second time since February. The production suspension reignited fears, CEO Elon Musk is having trouble keeping up with his braggadocio output targets. Tesla tried to pass of a halted something routine, yet necessary to improve automation and fix bottle necks that have slowed down production.
But Wall Street analyst are fearing something more. The assembly line for the model 3 is completely automated, and that's leading to concerns the machine's aren't ready for primetime. And with Musk revealing last week, that he's personally overseeing the operation, and sometimes sleeps at the factory. Production is still running below forecast.
Musk eating a little bit of humble pie in a recent tweet. Quote, excessive automation at Tesla was a mistake. To be precise, my mistake. Humans are underrated. Shares of the electric car maker are down seven percent so far this year, as Tesla misses one production target after another.
Grapples with a federal probe into a deadly crash of a Model X, that was in auto pilot mode and feels the sting of a debt downgrade.