🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Tesla battery expert's departure could fuel output jitters

Published 02/08/2017, 15:07
TSLA
-
6752
-

Investing. com - The reported departure of (NASDAQ:Tesla's) director of battery technology could fuel jitters about the company's production challenges.
Bloomberg reported the battery expert Kurt Kelty resigned after 11 years at the company.
A former long-serving (Panasonic:6752) employee, Kelty was credited with a key role in the setting up of Tesla's Gigafactory in Nevada in partnership with the Japanese company.
He also helped secure important supply deals. The reasons behind Kelly's departure were not immediately clear.
“We can confirm that Kurt Kelty has left the company to explore new opportunities and we want to thank him for everything he’s done for Tesla,” Bloomberg quoted the company as saying Tuesday
At the launch of the Model 3 electric car last week, CEO Elon Musk said: "We're going to go through at least six months of manufacturing hell."
Tesla is looking to remap up output of the electric car to 20,000 units by the end of this year.
Guidance on production is expected to be the focus of Tesla's earnings report later in the session after the market close.
Tesla is expected to report a June quarter loss per share of $1.83 on revenues of $2.51 billion.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.