Tesla expects no delays after plant accident image

Tesla Motors Inc., the electric-car maker led by Elon Musk, said it doesn’t expect production delays of its Model S sedan after three workers were injured at its only assembly plant.

The employees were injured yesterday by hot metal resulting from “a failure in a low pressure aluminum casting press, ” at the Fremont, California, factory, Tesla said previously. They suffered moderate to serious burns, according to Fremont Fire Department Captain Daniel Cardenas. There was no fire or explosion at the factory, he said.

“Obviously, our primary concern is the health and safety of our employees,” Jeff Evanson, a company spokesman, said today. “We do not expect any production delays.”

Production delays at Fremont would have made it more difficult to achieve the company’s forecast for this quarter of a profit “about consistent” with third-quarter levels. The electric-car maker delivered 5,500 Model S cars last quarter and last week said it plans to deliver “slightly under 6,000” during the current quarter. It also has a full-year target of 21,500 cars. Tesla’s third-quarter earnings, excluding some items, totaled 12 cents a share. The quarterly net loss was $38.5 million.

Tesla, with the biggest share price gain among automakers this year, has endured setbacks since closing at a record $193.37 on Sept. 30. Those include three Model S fires as well as the third-quarter deliveries, which were lower than some analysts had estimated.

Via Bloomberg