EPISODE · Mar 20, 2020 · 9 MIN
Tesla Shutting Down Fremont Factory
from HyperChange · host Gali
Tesla has released an official 'Operational Update' about dealing with the current economic crisis. The company is shutting down both its Fremont, CA and Buffalo, NY factories for an indefinite period of time (my guess is at least two weeks). Tesla says it has plenty of cash on hand to "successfully navigate an extended period of uncertainty." I think the silver lining to all of this Tesla news is Shanghai's Gigafactory. It appears to be up and running and producing vehicles at record levels. This should help offset losses from Fremont going forward. At this time, Gigafactory Nevada will remain open.
What this episode covers
Tesla has released an official 'Operational Update' about dealing with the current economic crisis. The company is shutting down both its Fremont, CA and Buffalo, NY factories for an indefinite period of time (my guess is at least two weeks). Tesla says it has plenty of cash on hand to "successfully navigate an extended period of uncertainty." I think the silver lining to all of this Tesla news is Shanghai's Gigafactory. It appears to be up and running and producing vehicles at record levels. This should help offset losses from Fremont going forward. At this time, Gigafactory Nevada will remain open.
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Tesla Shutting Down Fremont Factory
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