Tesla’s senior production executive at Fremont facility quits: source

Tesla Inc's vice president of production at its Fremont factory, Peter

Tesla’s senior production executive at Fremont facility quits: source

Curated via Twitter from Reuters Tech News’s twitter account….

Hochholdinger, a former production executive at Volkswagen AG, is the latest high-profile executive to leave Tesla in the past two years as the automaker struggles to ramp up production of Model 3, which is seen as crucial for its long-term profitability.

(Reuters) – Tesla Inc’s vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.

He was tasked with improving production for Tesla’s luxury Model S sedan and Model X sport utility vehicle as well as helping build a cost-effective manufacturing program for the Model 3 sedan, the company had said reut. rs/2KFSyd2 in his appointment memo.

Earlier on Wednesday, Wedbush analysts lowered their current quarter delivery forecast to 84,000 units from an earlier forecast of 88,000 units, adding that Tesla hitting its quarterly delivery target is an “unlikely event”.

Musk reiterated the claim on Tuesday after automotive news website Electrek reported that the company faces delivery bottlenecks at the close of the second quarter.

Chief Executive Officer Elon Musk, however, said last month that the company was on course to deliver a record number of cars in the second quarter.

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Tesla’s senior production executive at Fremont facility quits: source

Tesla Inc's vice president of production at its Fremont factory, Peter

Tesla’s senior production executive at Fremont facility quits: source

Curated via Twitter from Reuters Tech News’s twitter account….

Hochholdinger, a former production executive at Volkswagen AG, is the latest high-profile executive to leave Tesla in the past two years as the automaker struggles to ramp up production of Model 3, which is seen as crucial for its long-term profitability.

(Reuters) – Tesla Inc’s vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.

He was tasked with improving production for Tesla’s luxury Model S sedan and Model X sport utility vehicle as well as helping build a cost-effective manufacturing program for the Model 3 sedan, the company had said reut. rs/2KFSyd2 in his appointment memo.

Earlier on Wednesday, Wedbush analysts lowered their current quarter delivery forecast to 84,000 units from an earlier forecast of 88,000 units, adding that Tesla hitting its quarterly delivery target is an “unlikely event”.

Musk reiterated the claim on Tuesday after automotive news website Electrek reported that the company faces delivery bottlenecks at the close of the second quarter.

Chief Executive Officer Elon Musk, however, said last month that the company was on course to deliver a record number of cars in the second quarter.

Link to original article….

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