Published: Thu, April 19, 2018
Entertaiment | By Minnie Bishop

Tesla again halts Model 3 production

Tesla again halts Model 3 production

Tesla announced earlier this week that it was pausing Model 3 production at its Fremont, California, plant for several days for what it described as "planned downtime".

The electric-car maker will try to build 6,000 of the sedans a week by the end of June, Musk wrote in an email Tuesday first obtained by the blog Electrek. The tech billionaire explained that the recent suspension of production at Tesla's Fremont and Nevada sites were necessary to complete a "comprehensive set of upgrades" that should eventually permit the electric automaker to finally reach and even exceed its lofty Model 3 manufacturing goals.

Yesterday, it was revealed that Tesla meant to stop Model 3 production for up to five days. Tesla is pressured on a host of fronts after a fatality in one of its vehicles using its Autopilot system, a downgrade by Moody's, and a public spat between Musk and safety regulators. To be precise, my mistake.

"These periods are used to improve automation and systematically address bottlenecks in order to increase production rates", a company spokesperson said.

"Tesla's been trying to run full tilt", said Chaim Siegel, an analyst at Elazar Advisors, before Musk's letter was published. I don't think there is any way they'd purposely want to slow production.

Should all online retailers collect sales tax? Supreme Court could soon rule
At the time, the court was concerned in part about the burden collecting sales tax would place on the catalog company. Customers are generally supposed to pay the tax to the state themselves, but the vast majority don't.

"The reason that the burst-build target rate is 6,000 and not 5,000 per week in June is that we can not have a number with no margin for error across thousands of internally and externally produced parts and processes, amplified by a complex global logistics chain", Musk wrote.

A second set of factory upgrades will allow Tesla to reach 6,000 units per week by the end of June, Musk reportedly said in the email.

Sullins wrote on the fundraising page that if Musk does not accept the money, the funds will be donated to charity. Upon seeing the conditions that Musk was putting himself through, Sullins opened up a GoFundMe campaign to get it swapped out for something more suited to the strenuous work the CEO has been putting in.

Tesla Inc shares were trading at $296.78 per share on Wednesday morning, up $9.09 (+3.16%).

Like this: