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Tesla will use six-day shutdown to fix Model 3 assembly line problems

Production will be paused from May 26 through 31

Tesla Inc will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters. The Silicon Valley luxury electric car maker previously warned of 10 days of temporary shutdowns this quarter as the company addresses manufacturing problems that have delayed volume production of the Model 3 sedan, which is seen as crucial to Tesla's long-term profitability.

Tesla putting up its factory as collateral

5.3 million square-foot plant helps raise cash

Tesla has changed the terms of its borrowing agreement with banks to allow it to pledge its Fremont auto plant as collateral — a move seen by some analysts as an effort to boost liquidity.

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Elon Musk agrees robot glut slowed Model 3 production

Around 10,000 humans work at the Fremont factory

Tesla's affordable Model 3 has been trapped in development hell for what seems like ages now, and in an interview with CBS's Gayle King, CEO Elon Musk offered a little more insight into how the production process has fallen short. While escorting King through the company's Fremont, California-based factory, Musk conc

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Tesla halts production to prep for Model X

That darling of the electric car world, Tesla, is idling production at its factory in Fremont, CA, for the first time in order to expand the factory in preparation for its future Model X crossover. The $100-million renovation will add 25 robots and upgrades to the body shop and assembly line to support the new vehicle.

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California grants Tesla $34.7 million tax break to boost production

Tesla Motors' plans to expand just got a big boost, as the state of California has announced it will give the Palo Alto-based company a $34.7 million tax break to increase its production capacity. The EV manufacturer is being given a pass on sales and use taxes on up to $415 million worth of equipment, according to a report on the San Francisco Chronicle's website.

Tesla cancels plans to move to San Jose

Tesla's plans to eventually build a pair of new factories for the Model S and powertrain components in San Jose, CA have run into a ditch. The move was announced last September, just before the (official) collapse of the world's financial markets. However, the plan ran into trouble quickly when Tesla was unable to complete a $100 million round of Series E venture funding. Not long after that, the up-start nearly ran out cash before existing investors put in another $40 million. The bulk of the $

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