FREMONT, Calif. -- Shares of Tesla Inc. traded lower Tuesday after reports that the company had shut down production of its Model 3 mass-market electric car again to solve manufacturing bottlenecks.
The automaker told employees this week there would be a four- or five-day production hiatus. The company says it warned of future production pauses when it shut down the line to improve automation in February .
Tesla says shutdowns are common when a new model is launched and will improve production rates. But Autopacific analyst Dave Sullivan says manufacturing doesn't normally stop for days, especially nine months after production began.
Tesla shares dropped 1 per cent to $287.80 in morning trading. The broader markets were up about 1 per cent.
Model 3 production began in early July in Fremont, California. Pricing starts at about $35,000.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Refusal to turn over Trump tax returns sets up legal battle
Andrew Taylor and Jonathan Lemire, The Associated Press
Published Monday, May 6, 2019 6:20PM EDT
L… Read More...
Asia stocks mostly higher after Trump trade threat
BEIJING -- Asian stock markets rebounded Tuesday after Beijing said trade negotiators were preparin… Read More...
U.S. plans to hike tariffs Friday, says China broke promises
Paul Wiseman and Joe McDonald, The Associated Press
Published Monday, May 6, 2019 4:41AM EDT
Last … Read More...
Despite recent crashes, experts say air travel is safer than ever
David Koenig And Tom Krisher, The Associated Press
Published Monday, May 6, 2019 8:16PM EDT
After… Read More...
Amazon to open first Go store that accepts cash
NEW YORK -- Amazon launched its high-tech Go convenience store a year ago, where shoppers can pull … Read More...
0 Response to "Tesla shuts down Model 3 assembly again to fix bottlenecks"
Post a Comment