Manufacturing
Lost its spark?
Electric car-maker Tesla is due to release its results for the final three months of 2017 tomorrow and more bad news is expected. The company has lost money for seven of the past eight quarters as it has struggled to hit its production targets. (By the end of 2017 it had hoped to be making 20,000 Model 3 cars a month but only 1,550 came off the production line between October and the year’s end.) This is where traditional car-makers still have an edge. While technology players such as Google’s Waymo are leading the way in developing self-driving cars, Tesla’s woes – and those of another bedraggled electric-vehicle start-up, Faraday Future – prove that mass production is a different ballgame. As the technology begins to require increasingly scalable manufacturing, watch out for the traditional car-makers looking a little more at ease.