Tesla updates on automated line equipment

|By:, SA News Editor

Tesla (NASDAQ:TSLA) clarifies a statement made last week by CEO Elon Musk during the company's earnings call about disassembled automated line equipment from Germany making its way to the Gigafactory.

"Tesla’s ability to meet its target of 2,500 per week by end of Q1 2018 is not dependent on the additional equipment that is currently located in Germany, as that equipment is expected to start ramping production during Q2 2018. With respect to battery module production, Tesla’s ability to meet its target of 2,500 per week by end of Q1 2018 is dependent only on the equipment that is already present at Gigafactory 1, as well as the incremental capacity that is currently being added through the semi-automated lines that were also discussed during the conference call."

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