March 14, 2018 / 10:07 PM / 3 months ago

Tesla says Model S, Model X production efficiency much improved

(Reuters) - Tesla Inc said the number of labour hours needed to produce its Model S and Model X cars have decreased considerably, following the latest report of quality problems that could prevent the carmaker from hitting its production targets.

A Tesla Model S electric car is seen at its dealership in Seoul, South Korea July 6, 2017. REUTERS/Kim Hong-Ji

The electric car maker told Reuters on Wednesday production of 100,000 Model S and Model X vehicles is now possible in a two-shift cycle with minimal overtime, compared with three shifts and considerable overtime earlier.

Tesla was responding to a CNBC report that said the company was churning out a high ratio of flawed parts leading to costly rework and production delays, citing several current and former employees.

The company’s shares closed down 4.4 percent at $326.63 on Wednesday.

Reporting by Laharee Chatterjee in Bengaluru; Editing by Sriraj Kalluvila

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