The proof is that Tesla shares were down 6.6 percent last Thursday, the biggest drop since last July. Basically, Tesla is still in “production hell
,” as Musk himself once put it. Building an affordable mainstream vehicle is proving to be much different and, not to mention, far more difficult than luxury vehicles like the Model S and Model X. More than 400,000 anxious customers placed deposits for the $35k base price Model 3, and now they’re going to have to wait even longer than originally told. “We left the call frustrated with the lack of transparency from Tesla management,” stated one analyst who now recommends selling Tesla shares.