Production Suspended at Fremont and Gigafactory Buffalo (03.19.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 20 March 2020
⏱️ 7 minutes
🧾️ Download transcript
Summary
Tesla has decided to temporarily suspend production at their factory in Fremont, from end of day March 23. Tesla's Gigafactory Buffalo in New York will temporarily suspend production as well, while essential function such as service will continue. Gigafactory Nevada and Gigafactory Shanghai will remain open for production.
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Transcript
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| 0:00.0 | Thank you. |
| 0:07.0 | Hey everybody, Rob Maower here and today we were talking about Tesla's production status. |
| 0:11.0 | We have an update here after a confusing few days of back and forth |
| 0:14.1 | with local, state, and federal governments. Tesla has issued some clarification after hours today, |
| 0:19.6 | announcing that in Fremont they will be temporarily suspending production by the end of day Monday March 23rd. |
| 0:25.5 | With this news in after hours trading today Tesla's down currently about 7% to right around $400 |
| 0:30.4 | per share after being up 18% on the day today. In their operational update, Tesla says, quote, |
| 0:36.0 | in the past few days we have met with local, state, and federal officials. We have followed and are continuing to follow all legal directions and safety guidelines with respect to the operations of our facilities and have honored the federal government's direction to continue operating. |
| 0:49.0 | Despite taking all known health precautions, continued operations in certain locations has caused challenges |
| 0:54.5 | for our employees, their families, and our suppliers. |
| 0:58.0 | As such, we have decided to temporarily suspend production at our factory in Fremont from the end of day March 23rd, which will allow an orderly shutdown. |
| 1:06.0 | Basic operations will continue in order to support our vehicle and energy service operations and charging infrastructure, |
| 1:12.0 | as directed by the local state and federal authorities. |
| 1:15.6 | Our factory in New York will temporarily suspend production as well, except for those parts |
| 1:19.8 | and supplies necessary for service, infrastructure, and critical supply chains. |
| 1:24.1 | Operations of our other facilities will continue including Nevada and our service and |
| 1:28.3 | supercharging network." |
| 1:29.3 | End quote. |
| 1:30.3 | A couple of other updates here from Tesla, the first of which is around what Tesla calls touch list delivery. |
| 1:35.0 | So leveraging their software capability and over-the-air capability, Tesla has developed a process to allow a person that is placed in order ready for delivery to actually take delivery |
| 1:44.8 | of that vehicle without coming into contact with a person from Tesla. |
| 1:48.4 | Tesla simply leaves the papers that they need to sign in the vehicle with the |
... |
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