Elon Musk mentioned Panasonic hasn’t been making sufficient battery cells for Tesla’s vehicles (TSLA, PC)

Tesla CEO Elon Musk tweeted on Saturday that the speed of battery-cell manufacturing from Panasonic has held again output for the electric-car maker's Mannequin three sedan. "Pana cell strains at Giga are solely at ~24GWh/yr & have been a constraint on Mannequin three output since July," Musk mentioned. "Tesla gained’t spend cash on extra capability till present strains get nearer to 35GWh theoretical." Panasonic didn't instantly reply to Enterprise Insider's request for remark. Go to BusinessInsider.com for extra tales. Tesla CEO Elon Musk tweeted on Saturday that the speed of battery-cell manufacturing from Panasonic has held again output for the electric-car maker's Mannequin three sedan. "Pana cell strains at Giga are solely at ~24GWh/yr & have been a constraint on Mannequin three output since July," Musk mentioned. "Tesla gained’t spend cash on extra capability till present strains get nearer to 35GWh theoretical." Learn extra: Tesla is not the following Theranos — listed below are 10 explanation why Musk's tweets got here in response to a tweet from Bloomberg reporter Tom Randall, who cited stories that Panasonic had reached a battery-production capability of 35 GWh per 12 months in March and was halting new funding in Tesla's Gigafactory, the place it produces battery cells for Tesla, because it monitored demand for Tesla's automobiles. (Tesla mentioned the 2 firms are nonetheless investing within the Gigafactory however are additionally specializing in enhancing the effectivity of present tools.) Musk mentioned Panasonic's acknowledged, annual manufacturing capability of 35 GWh was "theoretical," and that its true manufacturing capability was about two-thirds of that charge. "There may be 35 GWh/yr 'theoretical capability', however precise max output is ~2/three. It was bodily inconceivable to make extra Mannequin three’s in Q1 on account of cell constraints," Musk mentioned. Panasonic didn't instantly reply to Enterprise Insider's request for remark. Have you ever labored for Tesla? Do you may have a narrative to share? Contact this reporter at mmatousek@businessinsider.com. Learn extra: Tesla's most cost-effective automobile simply grew to become much more troublesome to purchase David Einhorn's Greenlight Capital is bouncing again from a disastrous 2018 because of its wager in opposition to Tesla, the place it says 'the wheels are falling off' Warren Buffett says Elon Musk has 'room for enchancment' Tesla made Autopilot a regular function on all its automobiles and introduced sweeping modifications to the Mannequin three lineup SEE ALSO: Uber's former CEO Travis Kalanick was ousted after the corporate grew to become entrenched in scandals — listed below are 7 different tech execs who have been solid out from firms they helped construct Be a part of the dialog about this story » NOW WATCH: Aston Martin's new fully-electric Lagonda could possibly be the way forward for SUVs