While Tesla already confirmed that some of the capital would be used for its operations, the company made it clear that most of the money would be put toward an expansion of the Fremont factory to increase production. Now we get a specific number for the expansion as Tesla is applying for a $106 million tax break with the state to help the project. expand full story
Analyst Brad Erickson from Pacific Crest issued a new note to clients today following a visit of the Tesla Fremont Factory. The analyst noted that Tesla appears to be on track to exit the second quarter at the a production rate of 2,000 cars per week (Model S and X combined) and it is tracking toward its annual delivery target of 80,000 to 90,000 vehicles.
While the company has been talking about plans to build more vehicle factories in Europe and China, Tesla’s Fremont factory remains its only full-fledged car manufacturing facility. Company officials have always referred to the Fremont plant’s total capacity to be around 500,000 cars per year once optimized, which is what Toyota and GM were producing when they owned the factory, until now. expand full story
A German publication, Captain Gadget, managed to get authorization from Tesla to film the Model X assembly line at the Fremont factory in California. The result is rare footage of Tesla’s highly automated assembly line and rarely seen sections of the factory. expand full story
While Tesla plans to manufacture about 90,000 vehicles in 2016, the company always refers to the Fremont plant’s total capacity to be around 500,000 cars per year once optimized, which is what Toyota and GM were producing when they owned the factory, and it also plans to add more manufacturing capacity in other regions. expand full story
Sen. Bob Wieckowski, whose district is home to Tesla’s Fremont factory, is sponsoring a bill which include a provision to eliminate the sales tax on new cars manufactured in California for out-of-state buyers. The new provision would allow Tesla to spur what the senator refers to as “industrial tourism” and maybe even create a program similar to BMW’s popular “European delivery” option. expand full story
Elon Musk teases the Model X nearing production in a picture posted to Instagram Saturday night. Tesla’s CEO says the company is still “bringing up” the second production line, which is expected to increase Tesla’s production capacity at the Fremont factory and allow the company to start production of the long awaited Model X.
The CEO also confirmed that the production line is equipped with 542 robots including 15 operating simultaneously at the central assembly point. expand full story