Dec 3, 2024, 4:05 AM
Dec 3, 2024, 4:05 AM

Tesla gives Cybertruck workers unexpected three-day break

Highlights
  • Tesla has informed workers at its Texas gigafactory that they will take three days off starting Tuesday.
  • Workers will still receive pay for these days and return on Friday, although some may have different schedules.
  • The decision comes as Tesla begins Cybertruck deliveries amid challenges in production scaling and pricing adjustments.
Story

In the United States, specifically at Tesla's gigafactory in Texas, the company has recently communicated to employees working on the Cybertruck production line that they will not be required to work for three consecutive days starting Tuesday. This temporary break, communicated in a memo that was seen by Business Insider, ensures that affected workers will continue to receive compensation for the days they’re scheduled to be off. Employees are expected to return to work on Friday following this break. Nevertheless, the memo indicated that certain workers may receive different schedules and will be notified accordingly. This decision comes as Tesla has begun delivering the Cybertruck to customers in the U.S., with the initial deliveries starting in November 2023. CEO Elon Musk has previously highlighted that while demand for the Cybertruck is robust, the challenge lies predominantly in scaling production. Despite the strong order book with over a million pre-orders, the company faces hurdles as the vehicle is priced significantly higher than originally estimated at its unveiling in 2019. Consequently, this higher pricing may deter some reservation holders from completing their purchases. Moreover, Tesla harbors ambitions to manufacture up to 250,000 units of the Cybertruck by 2025. However, they are not alone in facing production pauses within the electric vehicle sector, as Ford has also announced a temporary cessation of production for its F-150 Lightning pickup truck. The production pause by Ford, announced earlier, is set to last six weeks, indicating a wider trend of adjusting production schedules for optimized sales and profitability. Amidst these developments, Tesla's stock experienced fluctuations, closing at $357.09 with a slight dip in after-hours trading, reflecting prevailing market sentiments amidst these operational changes.

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