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Tesla will increase inventory after Elon Musk urges employees to reduce shipping costs

The logo shows the showroom and service center of the US automotive and energy company Tesla in Amsterdam on October 23, 2019.

John Thys | AFP | Getty Images

Share Tesla CEO Elon Musk rose more than 4% on Monday Issue notes to employeesEncourage them to focus on minimizing costs, rather than rushing orders at the last minute to reach the company’s end-of-quarter sales goals.

In a memo distributed on Friday, Musk does not want the company to spend a lot of money on “promoting fees, overtime, and temporary contractors just for the car to arrive in the fourth quarter.” Is written.

“What has historically happened is to sprint crazy at the end of the quarter to maximize deliveries, but then deliveries will drop significantly in the first few weeks of the next quarter.” Said Musk. “In fact, over a period of six months or more, we don’t deliver any additional cars, but we spent a lot of money burning down to accelerate delivery in the last two weeks of each quarter. “

Musk I wrote in a tweet Delivery pushes at the end of the quarter were “still very intense, slightly less than in the past,” on Monday afternoon.

Tesla recently struggled to deliver new cars to US customers in line with the originally promised date range. As a result, some Tesla customers have experienced months of delivery delays. CNBC previously reported..

Still, Tesla’s sales are growing this year. The number of vehicles delivered closest to the number sold in 2020 is about 500,000.

According to the German car news site, the company is also making progress at its first European plant in Brandenburg, Germany. Automobilwoche..Tesla was scheduled to start production of vehicles in Germany by early summer 2021, but will build a plant I’m late Following a court order stimulated by environmentalists that their activities could harm hibernating snakes and lizards.

last week, Submission to Texas Regulatory Authority The company has shown progress at its new car plant in Austin, Texas. Tesla plans to spend more than $ 1 billion on the factory and plans to complete construction by the end of this year.

Tesla also plans to invest $ 188 million to expand the capacity of its Shanghai plant, the state-run Beijing Daily reported late last week.

–CNBC’s Lora Korodny contributed to this report.

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Tesla will increase inventory after Elon Musk urges employees to reduce shipping costs

Source link Tesla will increase inventory after Elon Musk urges employees to reduce shipping costs

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