Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) Factory to Shut for Fixes
Tesla Inc. (NASDAQ:TSLA) will halt production at its California factory for 6 days at the end of the May to work on fixes to its assembly line for its new M-3 sedan.
The fledgling California EV maker previously warned of 10 days of temporary shutdowns this Quarter as the company addresses manufacturing problems that have delayed volume production of the M-3 sedan.
This stoppage on the general assembly line at the Fremont, California, plant was scheduled for 26-31 May.
A spokesperson for Tesla declined to comment.
Tesla has been struggling to find solutions to manufacturing bottlenecks aka ‘Production Hell’ on the assembly line that produces the M-3, a sedan intended for volume production and the Key to its profitability.
CEO Elon Musk has acknowledged the problems and joked about filing for bankruptcy .
Mr. Musk has told employees it was “quite likely” the company might reach a rate of 500 Model 3s per day this week, or 3,500 a week.
Mr. Musk has said the planned stoppages are intended to give the company time to perform upgrades that will help it reach a goal of building 6,000 vehicles per week by the end of June, last month he said the company was producing 2,000 M-3 cars a week.
In order to meet the goal, Mr. Musk said last month that all M-3 production would begin working around the clock.
We have heard that the teams working on general assembly have switched to 3 shifts, a schedule that helps maximize capacity and flexibility.
|NASDAQ:TSLA||282.5||15 May 2018||-9.47||285.01||286.96||280.5||6,567,689|
|HeffX-LTN Analysis for TSLA:||Overall||Short||Intermediate||Long|
|Bearish (-0.36)||Bearish (-0.27)||Bearish (-0.43)||Bearish (-0.39)|
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