Tesla’s US factory closed for two days and restarted… Due to the lack of semiconductors (total)
Share price plunged 8%… Back down to $700
(Los Angeles = Yonhap News) Correspondent Jeong Yoon-seop = American electric car maker Tesla closed the factory for two days due to a problem of parts shortage and then resumed operation.
Elon Musk’s CEO said on the 25th (local time) that the Fremont plant in California was closed for two days due to a shortage of parts and restarted from the 24th, Reuters reported.
Earlier, Bloomberg reported, citing internal sources from Tesla, that the Fremont plant had ceased production of the entry-level sedan Model 3 (Three) for two weeks until the 7th of next month.
In response, Musk posted a post on Twitter and corrected that the period of downtime at the Fremont plant was two days.
In a notice to employees, he closed the Fremont plant due to some parts supply problems, and during that period, he said that he had improved the plant’s facilities and resumed operation. Said it would apply.
Bloomberg Telecom analyzed that the global semiconductor chip shortage could have affected the plant shutdown.
Reuters reported that “Tesla last month said it could be temporarily shocked by a shortage of semiconductors,” and “Other global automakers such as GM are also stopping assembly lines due to a lack of chips.”
Samsung Electronics stopped operating its semiconductor plant in Texas, where a major power outage occurred last week due to the worst cold wave, and Tesla announced that it was receiving semiconductor chips related to autonomous driving from the Samsung plant in Texas in 2019, Reuters reported.
Tesla shares plunged again below $700 on the same day.
Tesla closed at $682.22, down 8.06% on the New York Stock Market.
“Stop production by automakers is not uncommon,” Bloomberg said, but it will have an impact on the decline in sales.
Tesla assembles the Model 3 at its Shanghai factory in China, but the Fremont factory accounts for the largest portion of the Model 3 production.
The Fremont plant has an annual production capacity of 600,000 units.
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