Tesla denies further Model 3 production issues
Reuters reported that Tesla Inc is on track to achieve its production targets for the Model 3, the electric car-maker said, squashing a report of further delays and quality issues for its latest and most-affordable sedan. Tesla's problems with battery production at its Gigafactory in Sparks, Nevada, are worse than it had acknowledged, CNBC had reported earlier in the day, citing some company employees.
CNBC said that the problems included Tesla needing to make some batteries by hand and borrowing scores of employees from one of its suppliers to help with manual assembly.
Tesla shares closed down 2.4 percent on Thursday following the report, but rose 1.6 percent in extended trading after the company said it had no further production setbacks.
A Tesla spokesman said in a e-mailed statement that "To be absolutely clear, we are on track with the previous projections for achieving increased Model 3 production rates that we provided earlier this month."
The spokesman said that "As has been well documented, until we reach full production, by definition some elements of the production process will be more manual."
Source : Reuters