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Tesla to suspend production at its Fremont facility

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Tesla representatives have met with local, state and federal officials.

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The EV maker has followed and is continuing to follow all legal directions and safety guidelines with respect to the operations of its facilities, and has honoured the Federal Government's direction to continue operating. Despite taking all known health precautions, continued operations in certain locations has caused challenges for its employees, their families and suppliers.

Tesla has decided to temporarily suspend production at its factory in Fremont, from end of day March 23, which will allow an orderly shutdown. Basic operations will continue in order to support the vehicle and energy service operations and charging infrastructure, as directed by the local, state and federal authorities. The factory in New York will temporarily suspend production as well, except for those parts and supplies necessary for service, infrastructure and critical supply chains. Operations of others facilities will continue, including Nevada and the service and Supercharging network.

In many locations, Tesla is in the process of implementing “touchless deliveries” so customers can continue to take delivery of their vehicle in a seamless and safe way. Due to the unique over-the-air connectivity of its vehicles, customers are able to unlock their new cars at a delivery parking lot via the Tesla App, sign any remaining relevant paperwork that has been placed in their car, and return that paperwork to an on-site drop-off location prior to leaving. This method provides additional convenience and comfort.

Tesla's cash position at the end of Q4 2019 was $6.3 billion before its recent $2.3 billion capital raise. The company believes this level of liquidity is sufficient to successfully navigate an extended period of uncertainty. At the end of Q4 2019, Tesla had available credit lines worth approximately $3 billion including working capital lines for all regions as well as financing for the expansion of its Shanghai factory.


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Tesla to suspend production at its Fremont facility
Modified on Friday 20th March 2020
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