Tesla Daily presenter Rob Maurer discusses how the electric vehicle company plans to build 1.5 million vehicles a year through battery production.
Tesla CEO Elon Musk confirmed late on Thursday that the automaker’s factory in Fremont, California, had closed for two days this week due to a problem with parts supply, but was back up and running.
Musk was responding to a Twitter follower asking for an update after Bloomberg said the Model 3 production line at the factory would be closed for two weeks.
Tesla’s shares fell 8% on Thursday and fell in Friday’s premarket. Earlier this week, the stock entered a bear market, 20% below recent highs.
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Musk did not elaborate on the supply issue, or whether the entire factory was closed and reopened. Together with Model 3, the factory produces Model Y, Model S and Model X.
Tesla does not have a functioning media relations department that responds to requests for information.
Reuters reported that well-known Tesla supplier Samsung had to halt production at its Texas plant for several days due to recent storms that devastated the state, but the electronics company declined to comment on Tesla’s situation.
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Electrek reported that Musk told Tesla employees in a letter that he took advantage of the shortage to “upgrade and maintain the equipment” and that he “will quickly accelerate to full production of the Model 3 / Y in the next few days.
Musk also suggested that production of the Model S and Model X was not underway as the factory is being retrofitted to build the recently revealed updated versions of the vehicles.
“The production lines for the Model S / X are almost complete with retrofitting and will aim for maximum production in the next quarter. There is a high demand, so we will soon need to go back to two shifts. Please recommend friends for recruitment,” Musk wrote in the note, whose content has not been independently confirmed by FOX Business.