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  • Tesla Halts Model 3 Production Once More to Resolve Manufacturing Bottlenecks
    Tesla Halts Model 3 Production Once More to Resolve Manufacturing Bottlenecks

    Shares of Tesla Inc. traded lower Tuesday after reports that the company had shut down production of its Model 3 mass-market electric car again to solve manufacturing bottlenecks.

    The automaker told employees this week there would be a four- or five-day production hiatus. The company says it warned of future production pauses when it shut down the line to improve automation in February .

    Tesla says shutdowns are common when a new model is launched and will improve production rates. But Autopacific analyst Dave Sullivan says manufacturing doesn't normally stop for days, especially nine months after production began.

    Tesla shares dropped 1 percent to $287.80 in morning trading. The broader markets were up about 1 percent.

    Model 3 production began in early July in Fremont, California. Pricing starts at about $35,000.

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