Tesla Dropping After Suspending Model 3 Production

Credit: Wochit
Published on April 17, 2018 - Duration: 00:50s

Tesla Dropping After Suspending Model 3 Production

Bobby Yip/Reuters Tesla has temporarily suspended its Model 3 assembly line while seeking to "improve automation and systematically address bottlenecks." Shares were down 0.89% ahead of Tuesday's opening bell.

Model 3 production worries are only part of Tesla's problems right now.

The shutdown, first reported by BuzzFeed, is the latest in a series of setbacks for the company.

He later tweeted that his company would be profitable before the end of the year.

Advertisement

You are here

Recent related videos from verified sources

Elon Musk Said Tesla Cars Will Probably Be Better Than Humans At Driving By End Of 2019 00:39
Credit: Wochit News - Published 4 days ago 

VW to take on Tesla X in China from 2021 with electric SUV 00:51
Credit: Reuters Studio - Published 5 days ago 

Musk: Panasonic Battery To Blame For Model 3 Output 00:47
Credit: Wochit - Published 6 days ago 

VW To Launch Full Electric SUV To Compete With Tesla 00:36
Credit: Wochit Business - Published 1 week ago 

Tesla Ups Price On $35,000 Model 3 And Makes It Hard To Buy 00:40
Credit: Wochit - Published 1 week ago 

Tesla Cuts More Jobs 00:38
Credit: Wochit - Published 2 weeks ago 

Why Was Elon Musk Smirking After His SEC Case Hearing? 01:37
Credit: The Street - Published 2 weeks ago 

Why Jim Cramer Doesn't Know If Elon Musk Has 'a Leg to Stand On' 00:47
Credit: The Street - Published 2 weeks ago 

You might like