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Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Wednesday that the electric vehicle maker’s decision to pause Model X production over a year ago was a mistake and an ‘idiotic’ thing to do.
What Happened: Musk was responding to a post on the microblogging site Twitter that criticized the Austin, Texas-based Tesla’s refreshed Model X rollout plan, calling it “horrible” and devoid of “communication to customers.”
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The billionaire entrepreneur said Tesla “dropped the ball badly” on Model X’s production ramp-up. Musk added that it was “idiotic to stop production” of the old Model X in Dec 2020 when there was still “plenty of demand!”
We dropped the ball badly regarding new Model X production ramp & still haven’t fully recovered. Was idiotic to stop production of old X in Dec 2020 when there was still plenty of demand!
— Elon Musk (@elonmusk) February 9, 2022
When asked for a timeline on the production ramp for the refreshed Model X, Musk did not provide any further details but said in a separate tweet that the luxury crossover is an “extremely difficult” and the “most complex" passenger car ever and that the interior trim is the only limiting factor.
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Model X is an extremely difficult car to build. Most complex passenger car ever. Limiting factor is interior trim.
— Elon Musk (@elonmusk) February 9, 2022
See Also: Tesla Is Under NHTSA Scrutiny for 'Phantom Braking' Issues At High Speeds
Why It Matters: The latest comments from Musk came in response to his close followers and fans on Twitter — who sought to dismiss the perception that Tesla fans are unable to criticize the company.
The Musk-led electric vehicle maker, in December 2020, stopped production of the Model S and Model X electric cars for updates but Tesla continued accepting new orders.
The EV maker produced 24,390 Model S and X in 2021, a drop of 55.4% over 2020. Including its best-selling models, Tesla produced a total of 930,422 EVs last year.
Price Action: Tesla shares closed 1.08% higher at $932 a share on Wednesday.
Photo: Courtesy of User3204 via Wikimedia
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.