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Tesla’s California Plant Shutting Down for Six Days

Soros buys $35 million in convertible bonds.

by on May.16, 2018

Tesla CEO Elon Musk plans to shut down the Fremont, California plant for six days later this month.

Tesla CEO Elon Musk isn’t just sleeping on the plant floor at the company’s Fremont, California plant hoping a solution to increase Model 3 production will come to him by osmosis — he appears to be trying.

Just a days after changing the company’s management structure to improve communication, he’s going to shut the entire plant down for six days at the end of this month to make changes with the goal of increasing production of Tesla’s first “mainstream” car.

EV News!

Earlier, the EV maker warned the plant would shut down for a total of 10 days to tackle manufacturing issues at the site. The issues have put Model 3 production well behind schedule, angering some who plunked down deposits and irritating shareholders and analysts. (more…)