Elon Musk Gives Reason For Tesla Model 3 Setbacks

Tesla CEO Elon Musk said "we were huge idiots and didn't know what were doing" in an interview with Bloomberg, referencing Telsa's attempt to redesign the production process for the Model 3.

Musk had hoped to make vehicle production faster and less expensive by significantly increasing the amount of automation Tesla used in its factories.

But the company struggled to increase automation and production capacity at the same time after launching the Model 3 sedan.

MARCH 31, 2016 PHOTO TUESDAY, SEPT.

29, 2015, FILE PHOTO