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Tesla is denying reports from earlier this month suggesting the electric vehicle maker is building Model 3s by hand because of a failure to fully automate production.
Reports implying that Tesla is forced to build vehicles manually because of a failure to automate production are “wrong and misleading,” the company said Monday in a statement. Tesla claims every automaker uses manual and automated processes to build their cars.
Silicon - Valley - Company - Shares - Hit
The Silicon Valley company’s shares took a hit after an Oct. 6 Wall Street Journal report noted investors and analysts were unaware that Tesla was building major portions of the Model 3 by hand as recently as September. Tesla vigorously denied the accusation and claimed WSJ has “relentlessly attacked Tesla with misleading articles.”
“Contrary to the Journal’s reporting, this is not some revelation,” the statement said. “As we’ve always acknowledged, it will take time to fine-tune the line for higher volumes, but as we have also said, there are no fundamental issues with Model 3 production or its supply chain, and we are confident in addressing the manufacturing bottleneck issues in the near-term.”
Tesla - Model - July - September - August
Tesla built 260 Model 3s between July and September, despite predicting in August that it would produce more than 1,500 before the end of the fourth quarter. Production on...
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