Tesla's Senior Production Executive at Fremont Factory Quits
【Summary】Tesla's vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker. He 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.
(Reuters) - Tesla'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.
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.
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.
At Volkswagen, Hochholdinger spent 22 years supervising the production of Audi A4, A5 and Q5 models. When Audi set up a new production facility in Mexico, he served as an adviser.
Both Tesla and Hochholdinger did not respond to requests for comment.
Demand for Tesla cars has been one of the major concerns of investors amid escalating U.S.-China trade tensions. The company reported a 31% fall in first-quarter deliveries and warned that profit would be delayed until the latter half of the year.
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.
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.
Electrek was also the first to report here on Hochholdinger's exit from Tesla.
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".
Shares of the company, which is expected to report its second-quarter delivery and production numbers in July, were down marginally at $218.65.
resource from: Reuters
Lucid’s New ‘Stealth Look’ Appearance Package for the Electric Air Sedan Compliments its High Performance DNA
Toyota’s Redesigned Prius May Get More Drivers Behind the Wheel of a Hybrid Vehicle
Toyota to Collaborate With Texas-based Utility Provider Oncor to Accelerate a Vehicle-to-Grid EV Charging Ecosystem
Stellantis to Idle its Illinois Assembly Plant Indefinitely, Citing the High Costs of Electric Vehicles
Apple Delays its Long Rumored Electric ‘Apple Car’ Until 2026, According to Sources
The World’s First Level-4 Automated Parking Feature Developed by Mercedes-Benz and Bosch is Approved for Commercial Use
Hyundai Motor Group Signs MoU with SK On Co. to Secure Batteries for EVs Built in the U.S.
Tesla May Build its Next Factory in South Korea, According to the Country’s Presidential Office
- Polestar Shares the First Image of the Polestar 3 Electric SUV Ahead of its October Debut
- The World’s Biggest Battery Producer CATL Signs MoU with EV Startup VinFast to Develop a ‘Skateboard’ Electric Vehicle Platform
- EV Brand Polestar Announces $1.6 Billion in New Financing as its Stock Price Falls Below $5
- GM CEO Mary Barra Shares the First Look at the New Chevy Blazer EV Launching in Spring 2023
- Volvo-backed EV Battery Maker Northvolt, Founded by Former Tesla Execs, Raises Another $1.1 Billion to Help Fund its Expansion
- EV Charging Provider Electrify America Raises $450 Million, Siemens to Become a Minority Shareholder
- LiDAR developer Luminar Technologies Hires Ex Apple, Tesla and Nvidia Execs as it Prepares for Growth
- Electric Truck Maker Rivian Opens the First Fast Chargers in Colorado for its Nationwide ‘Adventure Network’
- Ford Looks to Have 100% of EV Sales Be Online
- Volvo is Building a New EV Service and Training Facility at its U.S. Headquarters in New Jersey To Fast Track its Electrification Plans