Forbes contributor Jim Collins certainly made a statement with his headline - What is the World is Tesla Doing? He said, "To see a rack of die castings sitting outside exposed to the weather at a facility that is, according to Google Maps, 10.7 miles away from the actual Tesla assembly facility in Fremont is just mind-boggling." Often, cutting corners can come back to bite you. What do you think about Tesla's decisions? Will they get themselves into financial trouble soon?
About a month ago, CNBC published an article noting Tesla's use of reworked parts in its factories. That report was lacking in substance and somewhat misleading, but the reporter, Lora Kolodny, published a new report this afternoon with much more detail, including pictures. She nailed it. That Tesla has racks of castings and door frames sitting outdoors at a local facility owned by a nonaffiliated machining company is startling. Read More