Press "Enter" to skip to content

Tesla’s Senior Manufacturing Executive Quits From Fremont Center

Tesla’s vice president of manufacturing at its Fremont factory, Peter Hochholdinger, has left after three years with the electrical-automobile maker, said a source conversant in the matter. Hochholdinger, a former manufacturing executive at Volkswagen AG, is the latest high-profile executive to depart Tesla during the past two years because the automaker struggles to ramp up production of Model 3, which is seen as essential for its future profitability.

He was tasked with enhancing manufacturing for Tesla’s luxurious Model S sedan and Model X sport utility automobile as well as serving to build a cheap manufacturing program for the Model 3 sedan, the corporate had stated in his appointment memo.

At Volkswagen, Hochholdinger spent 22 years overseeing the manufacturing of Audi A4, A5, and Q5 models. When Audi set up a brand new manufacturing facility in Mexico, he served as an adviser.

Demand for Tesla cars has been one of the main concerns of buyers amid escalating U.S.-China trade warfare. The firm reported a 31% fall in first-quarter shipments and warned that profit could be delayed until the latter half of 2019.

Chief Executive Officer Elon Musk, nevertheless, said in May that the firm was on track to deliver a record number of automobiles in the second quarter.

Musk repeated the claim on Tuesday after automotive news website Electrek reported that the corporate faces delivery bottlenecks ahead of the second quarter. Electrek was the first to report on Hochholdinger’s departure from Tesla.

Shares of Tesla, which is predicted to report its second-quarter delivery and manufacturing numbers in July, had been down marginally at $218.65.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *