Tesla pauses Model S and X production
Production of the Model S and Model X in Fremont will be halted for just under three weeks. This is fuelling speculation that both models might be getting a refresh. Meanwhile, according to reports from China, Tesla has now also begun production of the performance version of the Model 3.
In the USA, an email from the electric carmaker to its employees reveals that production of the Model S and Model X will be suspended from 24 December to 11 January. No reason is given in the internal memo. Recently, rumours of a design update for Tesla’s premium duo have intensified, including in connection with the Model S Plaid announced for late 2021, for which numerous modifications will be necessary anyway.
Over in China, reports indicate that production of the performance version of the Model 3 has now also2 been registered with the responsible Chinese ministry. So far, the Model 3 SR+ and the long-range version are rolling off the production line in Shanghai. The performance version is only available in China via import from the US and is correspondingly expensive.
We also received the news that the capital increase of another five billion dollars that Tesla announced a few days ago has now been completed. This was already the second capital increase within three months: Tesla announced at the beginning of September that it intended to raise up to five billion dollars by selling further share certificates.