Tesla Starts 24h Shifts In Attempt Ramp Up Model 3 Production

19 April, 2018, 02:07 | Author: Martin Tyler
  • Tesla to push for 6000 Model 3 cars per week by end-June, Musk says

Tesla Inc. (TSLA) will soon begin operating its assembly plant in California 24 hours a day, seven days a week to help meet its so far hard to achieve Model 3 sedan production goals. "The reason for the new target is that 5,000 Model 3s per week leaves the company with "no margin for error" across the company's manufacturing process and supply chain".

Tesla and Boring Company CEO Elon Musk has had a rough time lately, with many sleepless nights at the office trying to fix the problems with the Tesla Model 3.

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According to Bernstein analysts, Tesla has not only automated stamping, painting and welding like most other manufacturers, but also tried to automate final assembly.

Tesla had been under the pressure to prove to the Critics and investors that the company can increase the production of the electric mass market auto with $35,000 starting price.

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"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", Tesla CEO Elon Musk wrote in an internal email earlier this week, obtained by Electrek.

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. The shutdown reportedly won't impact Tesla's ability to hit its target of 5000 vehicles per week by the end of June 2018. "This means that we will be adding another shift to general assembly, body and paint", Tesla CEO Elon Musk wrote in the email obtained by Electrek. The push follows production problems at the factory that have kept the company from meeting its manufacturing targets and worrying investors. At the end of 2017, Tesla employed 37,500 workers. The Wall Street consensus is at $320.

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"OEMs [original equipment manufacturers] may lose part of a shift or a shift, but shutting down for several days is unheard of", Vadhavkar said in an email. 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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