Tesla halts production to gear up for Model X

Tesla Model X

Tesla has halted production at its Fremont, California assembly plant as it prepares to begin cranking out the Model X, and accelerate production of the Model S. A $100-million upgrade will add 25 robots and boost production by 25 percent.

“This represents the single biggest investment in the plant since we really started operations and enables us for higher volumes,” VP of Communications Simon Sproule told Bloomberg. “It gets us ready to build X and to do it on the same line as the S.”

MORE: Elon Musk says Model X is a harder design problem but worth the wait

Tesla plans to deliver some 35,000 Model S sedans to global customers this year, an increase of 56% over 2013. The company was producing almost 700 units per week by the end of the first quarter, and has a goal of increasing that to 1,000 later this year.

Tesla will release its second-quarter results, including eagerly-awaited figures on initial sales in China and the UK, on July 31.

 

Source: Bloomberg
Image: Joe Wolf/Flickr