Tesla May Temporarily Shut Down Its California Factory Soon; Should Investors Worry?
While the possibility of Tesla (NASDAQ: TSLA) building a new factory in Texas is gaining traction, the automaker is also focused on its current U.S. facility in Fremont, California. Electrek.co, a website that follows the electric transportation industry, is reporting that in addition to the company being in the process of upgrading the factory, it's also likely to shut down the factory temporarily -- possibly by the end of July -- as it prepares to open a new assembly line there.
According to Electrek, the focus of the upgrades will be to increase Model Y production capacity, an expected move considering that the website reported (based on a leaked email) in June that Elon Musk had told employees that the Model Y is "the top priority for both production and manufacturing engineering."
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Source Fool.com
