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Tesla stated throughout its Q2 2023 Earnings Name that manufacturing facility upgrades would happen throughout Q3, probably inflicting a slight lower in manufacturing as the corporate prepares to launch a brand new and revised model of the Mannequin 3, often called “Venture Highland.”
After Tesla produced 479,700 automobiles and delivered 466,140 of them in Q2, CEO Elon Musk informed traders they need to be able to count on lower-than-normal manufacturing figures for Q3 as Summer season shutdowns of a number of the automaker’s factories would happen.
Musk stated:
“We proceed to focus on 1.8 million car deliveries this yr. Though, we count on that Q3 manufacturing might be a little bit bit down as a result of we’ve bought summer season shutdowns to — for lots of manufacturing facility upgrades. So, simply most likely a slight lower in manufacturing in Q3 for form of international manufacturing facility upgrades.”
Zachary Kirkhorn, Tesla’s CFO, reiterated the feedback:
“As we stay up for the remainder of the yr, I wish to reiterate Elon’s feedback on Q3 volumes pushed by deliberate downtimes for manufacturing facility upgrades. These upgrades may even carry some quantity of manufacturing facility idle value. Nevertheless, we’re working to reduce as a lot as doable.”
The shutdowns are associated to an improve of manufacturing gear and maybe retooling. Teslarati has coated numerous developments on the Fremont Manufacturing unit, together with efforts to retool a number of manufacturing traces and make upgrades to the plant.
Highland Sightings Proceed
The feedback Tesla executives made incited extra hypothesis relating to the Mannequin 3’s subsequent iteration, often called “Venture Highland.”
Whereas the precise updates of the Highland Mannequin 3 and what Tesla plans to enhance on should not essentially identified, we do know that the design of the car is about for a change.
Nevertheless, extra sightings of the car proceed to look on-line as Tesla is evidently testing a number of the efficiency options of the Mannequin 3 Highland.
Most lately, a sighting of the automotive was shared on the r/TeslaMotors subreddit.
With the manufacturing facility upgrades being “form of international manufacturing facility upgrades,” as Musk referred to as them, we will estimate Tesla is probably going making ready for the Mannequin 3’s up to date design by bringing factories updated with new manufacturing gear.
The Mannequin 3 is in-built Fremont and Shanghai, and there have been rumors of the car being launched within the Chinese language market first. Nevertheless, we all know Fremont is present process an overhaul, however it’s unconfirmed whether or not these line upgrades are for the Mannequin 3 Highland.
Please electronic mail me with questions and feedback at joey@teslarati.com. I’d love to speak! You can even attain me on Twitter @KlenderJoey, or when you have information ideas, you’ll be able to electronic mail us at ideas@teslarati.com.
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