Bloomberg's Auto Expert Jamie Butters Talks Tesla's 2018 Production Guidance

Tesla Motors IncTSLATesla's Growth Plan May Be Too Steep; Deutsche Bank Projects 355,000 Units By 2018 Bloomberg's auto expert Jamie Butters offered his opinion on Tesla's revised timeline during Thursday's "Bloomberg " segment. According to Butters, Tesla has discovered what he labels "design for manufacturing." "This is something that Toyota and the big companies have been doing for years... for decades" Butters expanded. "Tesla as a niche and startup company was really about making the most excellent car you can and then figure out how to put it together." He continued that Tesla "figured out" how to manufacture the Model 3 in large quantities and it will be "much easier to build" compared to the past. The new confidence in its production ability is emphasized by the fact that Tesla expects its factory in California to be able to produce one million cars by 2020. Shares of Tesla were trading lower by more than 1 percent Thursday morning.