Tesla's (NASDAQ:TSLA) Elon Musk Deep in Production 'Hell'

19 April, 2018, 01:41 | Author: Laverne Higgins
  • Tesla to push for 6000 Model 3 cars per week by end-June, Musk says

"Please note that all areas of Tesla and our suppliers will be required to demonstrate a Model 3 capacity of ~6000/week by building 850 sets of auto parts in 24 hours no later than June 30th", Musk wrote in the email obtained by Jalopnik, adding that all Model 3 production at Fremont will move to 24/7 operations.

(NASDAQ:TSLA) has suspended its Model 3 assembly line in what the company was a planned production halt, the EV continues facing major production problems ramping up its most important auto. A Tesla spokesman declined to comment. Unless Tesla can solve its production bottlenecks with the Model 3, people may be waiting several more years before they get their auto. A total of 34,494 vehicles were produced during the first quarter of 2018 taking all Tesla models into account - including 9,766 Model 3s alone, with the automaker delivering 8,180 Model 3 sedans, 11,730 Model S sedans and 10,070 Model X crossovers during this period.

After a similar shutdown in February, Model 3, about which Tesla released almost the same statement, production did increase. "This should set us up for Model 3 production of 3000 to 4000 per week next month", Musk wrote in the email.

Tesla will add another shift to general assembly, body, and paint, and will be adding 400 workers per week "for several weeks" to accommodate this, Musk reportedly said.

ATMs go dry in many states after cash crunch hits India
Printing of notes of other denominations would also be reviewed by the government in the next few days. Finance Minister, Arun Jaitley , however, said that more than adequate currency is in circulation.

When Tesla reports its first quarter earnings on May 2, Jonas says the need to raise cash will be at the forefront of investor's minds.

Monday's announcement came just three days after Musk expressed confidence he could speed up production of the company's vehicles. Pacific time on Tuesday and obtained by Jalopnik, CEO Elon Musk informed the company's staff about these plans, together with a number of other new changes being introduced to enable Tesla to finally turn a profit.

Last February, Tesla suspended production of its Model 3 for 4 days in what it said was planned work to adjust equipment in order to improve automation and address bottlenecks.

Tesla shares dropped 1 percent to $287.80 in morning trading.


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