Tesla Will Temporarily Stop Making The Model S To Gear Up For Its New SUV
REUTERS/David McNew
Tesla CEO Elon Musk is revealing his grand ambitions for a multi-vehicle lineup with this move. The Model X, with its exotic falcon-wing doors and highly touted mashup of "SUV and minivan," will be built on the same assembly line as the award-winning Model S, Bloomberg reports.
This will crank up the plant's output by 25%, if all goes according to plan. Tesla plans to install $100 million in new robots so it can construct both cars at the same time - no easy task for a startup automaker that has so far only managed to build one vehicle at a facility that was formerly shared by Toyota and General Motors.
But there's no question that Tesla needs to allow Model S production to take a brief hit in July in order to lay the critical groundwork for the Model X, the vehicle whose overriding mission is to provide consumers with a cheaper, family-oriented electric car. Tesla wants to begin delivering the Model X by spring 2015.
The decision to retool the Fremont plant may not sit well with Model S customers, who are already being asked to wait until late October to take delivery of their cars. But from Musk's perspective, the assembly line needs to be upgraded now to increase Model S production to meet both domestic and, increasingly, Chinese demand.
- Love in the time of elections: Do politics spice up or spoil dating in India?
- Samsung Galaxy S24 Plus review – the best smartphone in the S24 lineup
- Household savings dip over Rs 9 lakh cr in 3 years to Rs 14.16 lakh cr in 2022-23
- Misleading ads: SC says public figures must act with responsibility while endorsing products
- Here’s what falling inside a black hole would look like, according to a NASA supercomputer simulation
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market