Due to production capacity constraints, Tesla's Model 3 manufacturing did not meet expectations. In response, the company reached out to Samsung and LG for external support, holding meetings with executives from Samsung SDI and LG Chem. However, there are also reports suggesting that Tesla may continue its exclusive partnership with Panasonic. Analysts believe this move is likely a temporary solution rather than a long-term strategy. The question remains whether these new partnerships will last or if they are just short-term fixes.
Since Tesla released its third-quarter sales and production report, it has faced criticism due to the Model 3's low production and delivery rates—less than 20% of its target. This has raised concerns about the company’s ability to meet its goals and maintain investor confidence.
Recent reports from Korean media indicate that Tesla executives recently met with leaders from Samsung SDI and LG Chem. Discussions centered on battery specifications and quality control for Tesla electric vehicles. Although no formal procurement agreements were announced, the visit signals Tesla’s interest in expanding its supply chain beyond Panasonic.
Analysts suggest that Tesla might be seeking alternative battery suppliers to alleviate current production bottlenecks. However, given Panasonic’s long-standing role as Tesla’s primary battery supplier, it is unlikely that Tesla would abandon them entirely. Panasonic is expected to ramp up production soon, which could ease supply issues without the need for long-term external partnerships.
The situation highlights the challenges Tesla faces in scaling up production for the Model 3. Despite its popularity, the slow delivery process has drawn scrutiny. In the third quarter, Tesla produced only 260 Model 3 vehicles, far below projections. This has led to skepticism from financial institutions like Goldman Sachs and Bernstein, who have questioned Tesla’s delivery performance, profit margins, and product quality.
UBS recently downgraded Tesla’s stock to “sell,†citing ongoing production issues with the Model 3. Analysts warned that continued delays could harm Tesla’s credibility and increase risks in the short term. They also pointed out that Tesla still faces fundamental challenges in achieving profitability and managing its energy storage and solar businesses.
In addition, analysts revised their financial forecasts, increasing the expected loss per share for 2017 and adjusting 2018 earnings accordingly. These developments underline the pressure Tesla is under to deliver on its promises and prove its long-term viability.
As Tesla continues to navigate these challenges, the company must balance short-term fixes with long-term strategies. While seeking new suppliers may help ease immediate production pressures, maintaining stable and reliable partnerships will be key to future success.
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