Tesla Disputes Reports of Expansion Plans
April 12, 2019—Tesla has disputed a report that the carmaker and its partner, Panasonic, have paused expansion of the Gigafactory 1 manufacturing facility, reported CNBC.
The Nikkei Asian Review reported Thursday that Panasonic and Tesla are reconsidering plans to increase the factory’s capacity 50 percent by 2020, as investors increasingly worry about possibly weakening demand for Tesla cars.
Tesla said in a statement that both companies continue to invest funds into the Gigafactory. An official said the demand for cells continues to outpace supply. He also said the companies believe there is far more output to be gained from improving existing production equipment than was previously estimated, according to the report.