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How Production Quality Improved Tesla¡¯s Growth to 60 Million USD

17 Aug 2018
View Original Post HERE.

How Production Quality Improved

Tesla’s Growth to 60 Million USD


Elon Musk Photo with Tesla Model 3 cars

Hi everyone, some of you may have heard of Tesla under fire after quality issue allegations, and CNBC reported in March 2018 that One Tesla engineer estimated that 40 percent of the parts made or received at its Fremont factory require rework,”.

Tesla was paying a high cost for this quality challenge; the company has been struggling to rein in mounting losses, losing both the customers and potential customers ever since CEO Elon Musk pressing hard to accelerate production of its new electric car “Model 3”.

 

Tesla managed to transform from being in deep fire from early 2016 into celebrating success in Aug 2018 by overcoming their quality and production issue.


Tesla Market Cap:59.35B for Aug. 2, 2018

 

We normally think that quality management system for factory production is important but not critical, we need to have a second thought now. We do not need 100-page research to tell us poor product quality can damage our business.

 

One of the solution is to have a proper quality management system like the one in ISO 9000 family that addresses various aspects of quality management standards that provide guidance, tools and equipment for companies and organizations who want to ensure that their products and services consistently meet customer’s requirements, and that quality is consistently improved.

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   Victor Manufacturing Logo

 

Victor Manufacturing is part of  that established since 1997 and, Our mission is to help our clients to engineer quality a certainty, that will help build their clients confidence on their products and indirectly create less waste so as to make mother earth a better place to live for now and future.


Here is a video about one of the many solutions we have come up with
for automotive industries.


Universal Testing Machines available from
Benchtop to Floor-type from Victor Manufacturing

 

Many companies today are facing inconsistent quality issue and unsure of the right equipment selection for their quality control department. If you think we can help give your company the correct Testing, Analytical & Metrology Solution, do drop us a line.

 

We are here to help, in Malaysia, South East Asia and the World.

If you would like to be considered as Victor Material Testing Machine distributor or Business Partner, please send your inquiry to marketing@obsnap.com.

All distributors or partners are chosen by merit based on the volume of purchase, company credibility, company strength and others.

 

Brought to you by Victor Manufacturing,
a member of Obsnap Group of Companies.


Article Source: 
http://www.victortestingmachine.com/how-tesla-grown-their-capital/ 




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