Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) Factory to Shut for Fixes

Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) Factory to Shut for Fixes

Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) Factory to Shut for Fixes

$TSLA

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.

It is rumored that he is on the production line as Key production management has left the company.

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.

Symbol Last Trade Date Change Open High Low Volume
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)

Stay tuned…

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