ML-Implode News - Tesla's Cash Crunch Will Intensify As Model 3 Production Shuts Down Again

Bizarrely, Tesla issued a statement regarding this shutdown of Model 3 production that echoed word-for-word a statement given in late-February when Tesla reportedly shut the Model 3 line for 5 days. Tesla's statement indicated that such a shutdown "is not unusual," but, Tom Jones references aside, it really is unusual for an automaker to post two lengthy shutdowns in such a short period...
When I followed major automakers like VW, Ford, GM and Daimler, a one-week shutdown on high-volume model would be enough to merit a mention on a quarterly earnings call. Â At Tesla, where the Model 3 is being counted on to be both the next step in the future of automotive mobility and the model that gets Tesla over the hump from a cash flow perspective, this latest shutdown could be catastrophic.

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Tesla's Cash Crunch Will Intensify As Model 3 Production Shuts Down Again