Tesla to pause Model S, Model X production for 18 days: report

Tesla Inc. will shut down production at its Fremont, Calif., manufacturing facility for 18 days beginning Christmas Eve, CNBC reported over the weekend.

Citing an inner electronic mail it obtained, CNBC reported Saturday that production traces for Model S and Model X autos will probably be shut down from Dec. 24 to Jan. 11.

Workers on the production line are reportedly being provided full pay for simply a type of weeks, with some paid holidays, and are being requested to take unpaid days off or discover “restricted” work with different groups in the course of the down time. They are additionally inspired to “volunteer” to make deliveries to prospects throughout that point, CNBC stated.

Tesla
TSLA,
-2.72%

didn’t instantly reply to a request for remark Sunday.

It it common for Tesla to pause manufacturing for a short while whereas it really works to enhance its production line.

In a separate electronic mail to staff obtained by CNBC and Bloomberg News, Chief Executive Elon Musk stated Friday that demand is “fairly a bit larger than production this quarter,” and that “we want to enhance production for the rest of the quarter as a lot as potential.”

Tesla historically has endured an end-of-year crush to ship its autos, each to meet production targets and to beat Jan. 1 deadlines for electric-vehicle tax breaks for prospects.

Earlier this 12 months, Tesla gave a goal of delivering 500,00zero vehicles in 2020. It maintained that steering in its third-quarter earnings report in October.

Tesla will join the S&P 500 index on Dec. 18, and its inventory his skyrocketed this 12 months, rising practically 630% 12 months to date, in contrast to the S&P 500’s
SPX,
-0.13%

13% achieve.

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