Thursday, 11 July 2019

Teslat to Increase Production Output at Its California Factory

Vehicle production at Tesla's factory in Fremont, California.

Tesla (NASDAQ:TSLA) is "making preparations" for higher production at its car factory in Fremont, California, the company's automotive president, Jerome Guillen, said in a leaked email (via Bloomberg) this week. Guillen, however, refrained from providing specifics as to why Tesla expects to increase output, suggesting the automaker may have a surprise in store.
The email, which also included some upbeat news on the company's recent production levels, arrived in the news at a moment when the electric-car company is achieving record sales, and aiming for even higher delivery numbers in the second half of the year.

Mysterious "upcoming developments"

Regarding Tesla's "preparations" to increase output in Fremont, Guillen wrote, "While we can't be too specific in this email, I know you will be delighted with the upcoming developments."
In addition, he told employees that the company is hiring. "As we continue to ramp up production, please tell your friends and neighbors that we have lots of exciting new positions open, both in Fremont and at [the Gigafactory in Reno, Nevada]," the executive wrote in the email.
The executive's reference to a hiring spree suggests the news could be meaningful -- though it could be mostly related to Tesla's current operations as it continues to accelerate Model 3 production.

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