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Tesla’s Musk Encourages Employees To Boost Deliveries During Global Chip Shortage

By John F. Heerdink, Jr.

Reportedly, Tesla Inc (TSLA) chief executive Elon Musk has asked employees to “go super hardcore” to make up for production challenges early in the third quarter, ensuring a decent Q3 delivery number, according to an internal memo.

“The end of quarter delivery wave is unusually high this time, as we suffered (like the whole industry) from extremely severe parts shortages earlier this quarter,” stated Musk.

Tesla reported record quarterly vehicle deliveries for the April-June quarter, but Musk informed that its output growth for the rest of this year depends on the global chip shortage situation, which he informed, “remained quite serious.” Musk has been sending out emails to employees near the end of almost every quarter encouraging employees to boost deliveries, and also hinting at its delivery targets.

Recently, Tesla started U.S. sales of a Model 3 version with different, lithium iron phosphate (LFP) batteries, the LFP battery is currently used in Tesla’s China-made Model 3 and Model Ys that are sold there and exported to Europe and other countries. The company informed that customers who switch to Model 3 with an LFP battery would be able to receive the model sooner than the original delivery date of year-end.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Tesla's Musk asks staff to 'go super hardcore' to ensure decent Q3 delivery number in Reuters)


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