Tesla Model 3 - shown here being accessed remotely via mobile app
Tesla is on the fast track in terms of getting more and more Model 3 VINs at least registered. Let's hope it's also on the same fast track with production.
It was only a week ago that we reported Tesla had registered a slew of Model 3 VINs with the National Highway Traffic Safety Administration (NHTSA). In fact, it was about 1,000 additional VINs, taking the automaker up to VIN # 2136. Perhaps Tesla had worked out its production bottleneck issues and was getting ahead of the curve? We learned quickly that that wasn't really the case.
Blue Tesla Model 3
When we reported about the new registrations, the automaker still seemed to be right in the thick of those issues. Now, we have news that Tesla has figured out some of the problems and is moving forward. Added to this, the automaker has just registered another ~500 Model 3s, increasing the latest VIN to # 2639. If production was still at nearly a standstill, one would think that the 1,000 VINs from last week would suffice, so 500 more in a matter of days is intriguing.
Tesla will speak to its Q3 earnings tomorrow and provide additional updates. This may give us a better idea of where everything stands since it's hard to know exactly what the issues are.
First, it was reported that Tesla was potentially building Model 3s by hand (which was later disproven). Next, the automaker reminded us that the vehicle's production line is still moving incredibly slow. Finally,reports pointed to supplier issues and also CEO Elon Musk spent the night of the Gigafactory roof, citing:
"Production hell, ~8th circle."
Recently, it was reported that Tesla has actually decreased certain forward-looking supply orders by 40 percent, so the company is clearly indicating things will not be operating as normal/originally planned in the near-term. It's becoming increasingly difficult to understand what's really happening at this point. Let's hope we learn more in the coming days.