Tesla just bought an automation company to help it build the factory of the future - here's what we know about it

Tesla

• Tesla said on Monday that it has acquired Perbix Machine Company, a factory automation company.
• The automaker said that the company will help it build the factory of the future. 
• Perbix will continue to operate as part of Tesla in Minnesota and is looking to hire more talent in the area. 

Tesla is ramping up investment in its manufacturing process amid Model 3 production problems.

The automaker and energy company said on Monday that it had acquired a factory automation company called Perbix Machine Company. 

Tesla did not disclose terms of the deal, but it did say that it purchased the Minnesota-based company with cash and shares. 

Here's what we know about the company.

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