Elon Musk steps down from Tesla over Tweet, fined 20 million dollars

The kiss of death for Tesla would be that the new model 3 which is the future of the company has loads and loads of problems.

The more one looks the worst the situation looks.

Tesla is beyond in trouble.

At this point in time it appears Tesla’s fate is sealed, it does not matter what Musk says or does.

https://www.cheatsheet.com/money-career/the-biggest-problems-tesla-model-3-owners-have-reported.html/

When the measured Green Car Reports wrote that Model 3 “build quality was the worst we have seen on any new car from any maker over the last 10 years,” we knew there was trouble. A report in the Los Angeles Times noted similar feedback from owners.

In one case, an owner couldn’t unlock the car with an electronic key card or the iPhone app. Since there is no metal key, he had to summon a Tesla technician to come and use a portable battery to open the hood.

1. Shutdowns while driving
In January, a Model 3 owner posted a video of her car shutting down while she was driving. Suddenly, an alert warning “Car Shutting Down — PULL OVER SAFELY” appeared on the screen. She did so, rebooted, then got the same shutdown warning and loss of power.

Later, when Tesla techs looked at it, they diagnosed the problem as “failure in the high voltage controller,” for what it’s worth. In commenting on the shutdown, a Model X owner said it had happened to him in the past and offered instructions on how to pull over safely.

He also offered helpful tips. “If you have a passenger, as this person did, recording the warnings may help the technician. Then, remember the reboots!”

https://www.greencarreports.com/news/1115659_tesla-model-3-quality-is-terrible-but-does-it-matter-to-buyers

Tesla Model 3 quality is terrible, but will it matter to buyers?

…The build quality of the early Model 3 we tested in late February was, in a word, appalling. …
Before we were even able to visit the owner, the car had to go back to the Tesla service center to have the central touchscreen replaced.

You know, the one required to control virtually any aspect of the car except for turn signals, headlights, and wipers?

During the test itself, two things became clear: The Model 3 works largely as intended, and the build quality was the worst we have seen on any new car from any maker over the last 10 years.

The flaws and defects broke down into two categories: those that affected the functioning of the car or the owner’s driving experience, and those that didn’t.

The first group included:
• The defective touchscreen and all the follow-on effects (above)
• Persistent creaks and groans from the console or dash
• An intermittent loud buzz from the upper right-hand center door pillar at highway speeds on some road surfaces
• A steering vibration (in a car with just 1,000 miles)

Different owners have suffered blown main fuses in their Model 3 battery packs, varying and unexplained error messages that power down the car, and numerous other issues.

So Musk crashes and burns. Can Tesla be far behind? I don’t think so. Hope the investors in it were rich enough that they could afford their loss on that high stakes gamble.

TSLA hasn’t yet fallen to its 52 week low, but is still dropping faster than the major indexes from their recent highs.