Tesla Suspends Model 3 Production Yet Again Over “Bottlenecks”

Tesla has confirmed that it will temporarily suspend production of the Model 3 in order to combat bottlenecks at its facility in Fremont, California.

Despite recently confirming that production of the Model 3 had reached new heights, this is now the second time this year that work on the Model 3 has been halted, Buzzfeed reports. On April 3, Tesla revealed that it had built 2020 Model 3s over the previous seven days and intended on producing that same figure in the subsequent week.

Tesla chief executive Elon Musk hasn’t specified exactly what “bottlenecks” are behind this latest production halt.

Investors are nervous

On the back of this most recent news, shares in Tesla slumped by 1.96 per cent in pre-market trading in New York as part of a wider 8 per cent decline this year. Shares are now 25.8 per cent lower than they were at their peak in June 2017.

Analysts believe that Tesla could face other issues this year too. In fact, some speculate that the electric automaker will need to raise $2 billion to $3 billion within a year or so. However, Musk denies this and recently claimed that Tesla “will be profitable & cash flow+ in Q3 & Q4, so obviously no need to raise money.”

Whatever the case may be, the brand is nowhere near its ultimate goal of producing 10,000 Model 3s a week. Based on this news, it could be quite some time before that target is reached.

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  • LWOAP

    And no one here is surprised in the slightest. At this rate, Tesla is going to be the Alfa Romeo of EVs except for they have issues with production and not reliability. I don’t see them fairing any better with the 2020 MY Roadster, the Model Y or the Semi if this keeps up.

  • Leconte Dave

    5000 models a week lol. Not happening any time soon

  • Adilos Nave

    S3XY, where art thou?

    Musk has been extremely successful at making a fully electric vehicle not only cool but also something that is here to stay. He has paved the way for all the other actual car manufacturers to make competing products which is good for the entire industry. With that said, now would be a really great time for Tesla Automotive to be acquired by a major manufacturer that can bring their existing line-up to meet industry standards while the rest of the company focus on offering the recharging network and batteries to OEM.

  • Vince Cassi

    Every single company has bottlenecks. When Tesla said they wanted to increase production by 2000% or whatever that number was, investors said that wasn’t possible. Now Tesla is realizing that it’s not possible, so they are trying to shift blame to suppliers instead of accepting that their production goals were woefully overestimated.

  • Richard Alexander

    Just a smear campaign from the shorts. Look at Amazon. They never made money. How can people not realize that in 5 years Tesla willl have 95% of the global auto market? Just haters.

    • LWOAP

      That’s a good one.

    • Status

      I’m so cynical I actually thought you were legit.

  • TheBelltower

    Been hearing this comment for over five years. Tesla won’t go away because customers want them to exist, and conventional automakers have shown their ongoing lack of commitment to EVs.

  • pxsupply

    Tesla need to hire some people….

  • Because thanks to Tesla he is elevated to God-like status and everything he is involved to got media attention.

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