Telsa Model 3 production halted Company seeking to improve automation in Fremont

Tesla and SpaceX CEO Elon Musk speaks onstage at the South by Southwest festival. Musk decided to delete his Facebook account following the Cambridge Analytica scandal

Yesterday, it was revealed that Tesla meant to stop Model 3 production for up to five days.

Tesla Inc. will begin around-the-clock production at its Fremont, California US, assembly plant to boost Model 3 output.

By comparison, in it's most recent delivery update earlier this month, Tesla said it made 9,766 Model 3 cars in the first quarter, which translates to an average 751 vehicle per week. Delays and lower-than-expected volume have postponed revenue from cars being delivered to customers from reaching Tesla's bottom line.

Tesla has received over 500,000 orders for its more affordable Model 3 electric sedan. The company announced Monday that it would be pausing production of the electric vehicle once again for "planned downtime" while it works to improve automation.

Tesla's Fremont factory lines have been running on two shifts.

The news comes a day after Tesla temporarily suspended its Model 3 assembly line in what the company said was a planned pause, its second since February, to improve automation and address bottlenecks that have delayed production. "This should set us up for Model 3 production of 3,000 to 4,000 per week next month", Tesla CEO Elon Musk said in a letter to employees, Electrek reported Tuesday.

Commerce bars USA companies from selling to ZTE
ZTE may have lied about all of that too, which is what pissed off the U.S. government. Trading in ZTE shares were suspended today in response.

"We will be stopping for three to five days to do a comprehensive set of upgrades".

After a similar shutdown in February, Model 3, about which Tesla released almost the same statement, production did increase.

"I have asked the Tesla finance team to comb through every expense worldwide, no matter how small, and cut everything that doesn't have a strong value justification", Musk, who recently hinted that the company can finally turn a profit by the end of this year, wrote.

Investors are closely watching to see if Tesla is able to meet long-delayed targets and quickly ramp up the Model 3, on which the company's future profitability rests.

While Tesla has been in the news for myriad issues lately, the factor that matters is how the demand for the Model 3 is affected, according to KeyBanc analyst Brad Erickson in a note obtained by TheFly.com. That's thanks in large part to the company's investment in the Model 3, which isn't likely to earn a profit anytime soon.

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