Has Tesla Rounded The Bend? Record Quarter Of Deliveries, Upping Plant Output, Hiring...

The Tesla story continues to get more intriguing, day by day.

After the past 12 months, which can be best described as rough, it seems that there may be some daylight here. That's because it just announced a record quarter of deliveries.

This has Teslaphiles jumping for joy and, something tell us, the Germans are shuddering. So, now what?

It turns out that the American electric vehicle manufacturer is going to be upping its production output at both the Fremont factory and the Gigafactory in Nevada. And, it's going to start hiring again.

So, I've got to ask: Has Tesla rounded the bend?

Tesla Inc. is poised to increase production at its California car plant and is back in hiring mode, according to an internal email sent days after the company wrapped up a record quarter of deliveries.

The electric-car maker is “making preparations” to raise output at its factory in Fremont, California, Jerome Guillen, Tesla’s automotive president, wrote Tuesday. “While we can’t be too specific in this email, I know you will be delighted with the upcoming developments.”

After several rounds of job cuts announced by Chief Executive Officer Elon Musk over the past year, Guillen also told employees that Tesla is hiring. “As we continue to ramp up production, please tell your friends and neighbors that we have lots of exciting new positions open, both in Fremont and at Giga,” he wrote, referring to the company’s battery factory near Reno, Nevada...
Read Article

Truthy - 7/13/2019 10:09:55 AM

+7 Boost

Problem with this article, Tesla lost money in the second quarter spending to prop up demand. Volume will be lower and loses greater in the third quarter.

MDarringer - 7/13/2019 1:46:03 PM

+6 Boost

Huge red flag is that Tesla is NOT planning to redo the long-in-tooth S or to remake the ridiculous X any time soon because they lack the cash to do so.

dlin - 7/13/2019 2:11:42 PM

+6 Boost

Not out of woods yet

TomM - 7/14/2019 6:57:06 AM

+5 Boost

Two years from now- when a number of manufacturers will have product AND qualify for the tax Incentive - and Tesla has already said it will not have a New S or X nor will they qualify for the tax incentive - Tesla will have its biggest test.

Tesla still is at a major disadvantage - they are not available LOCALLY to the buyers. Add in that additional $7500 difference AND old product - and Tesla likely will have problems. Don't forget - Tesla likes to claim that their cars will last longer - so Less repeat sales. I also note that EVs on the Used market with higher mileage are like Lead Balloons - they cannot sell them due to possible Battery replacement Issues.

SanJoseDriver - 7/21/2019 2:56:33 PM

+1 Boost

Let's see how the financials are looking this Wednesday.