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Tesla Motors, Inc. (NASDAQ:TSLA) – Tesla Model S, X Production To Resume At Fremont Factory

At the end of 2020, Tesla Inc (NASDAQ: TSLA) shut down its Model S and X production lines. The company occasionally does this for retooling purposes, to make updates to machinery or if new equipment is needed to change something about the way the vehicles are produced.

The lines are back online Monday, according to Teslarati. This means Tesla can resume production of the more expensive options in its lineup.

Tesla’s estimated delivery for a Model S or X ordered now for U.S. delivery is eight to 12 weeks, just in time for the end of the quarter. The exact reason for the shutdown is unknown, but many ideas have been shared.

Some speculated that Tesla shut down the lines to allow more work on the Model 3 and Y lines. Tesla aimed to delivery 500,000 vehicles worldwide in 2020, and came short of that goal by a few hundred cars. Another interesting rumor afloat is of a refresh coming to Tesla’s more expensive options.

Click here to check out Benzinga’s EV Hub for the latest electric vehicle news.

Benzinga’s Take: The Model S and X have remained largely unchanged since their debut. Many fans are eagerly awaiting an updated interior and exterior look for the vehicles.

At Tesla’s battery day, the company announced the Plaid Model S. It’s a vehicle with a zero-to-60 mph time of less than 2 seconds and an updated battery architecture, costing $139,990 or more. Tesla says it will be released by the end of 2021, and with it, many expect an updated look. 

Photo courtesy of Tesla.

© 2021 Benzinga does not provide investment advice. All rights reserved.

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