Tesla Buys Automation Company Perbix to Ramp Up Production

The news comes after the company’s quarterly loss of $619 million USD.

By
Automotive
2,126 Hypes 0 Comments

As a result of Tesla’s production bottlenecks and $619 million USD quarterly loss, the car manufacturer is buying private machine company Perbix, a company that’s been supplying them with parts for three years.

The acquisition will help the company produce more parts in-house, a struggle for the automaker at the moment as it announced alongside its earnings reports that it wasn’t able to meet its target 5,000 Model 3 sedans a week this year. Perbix is an expensive solution to Tesla‘s issues even though the exact amount paid for it is unknown. However, it is speculated the financial filings show owner James S. Dudley received over $10 million USD worth of Tesla stock for the deal.

Read Full Article

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

102 Users Online

What to Read Next

NuGgETS Pairs Together Robes and Track Pants in Spring/Summer 2018 Lookbook
Fashion

NuGgETS Pairs Together Robes and Track Pants in Spring/Summer 2018 Lookbook

Turning your house robe into an outfit centerpiece.

Vans Honors Powell Peralta With a Limited Pro Skate ArcAd Capsule
Footwear

Vans Honors Powell Peralta With a Limited Pro Skate ArcAd Capsule

Designed by Japanese artist Taka Hayashi.

NEIGHBORHOOD x Stance Socks Collaboration Recalls Japanese Minimalism & Punk Rock
Fashion

NEIGHBORHOOD x Stance Socks Collaboration Recalls Japanese Minimalism & Punk Rock

“Cash from Chaos.”


New Trailer Shows Jason Bateman & Rachel McAdams Out to Win 'Game Night'
Entertainment

New Trailer Shows Jason Bateman & Rachel McAdams Out to Win 'Game Night'

“Whoever finds the victim wins the grand prize.”

Nike Air Max 95 Premium SE Drops in Black & Gold
Footwear

Nike Air Max 95 Premium SE Drops in Black & Gold

A familiar colorway returns.

Chief Keef Recruits Lil Yachty & A Boogie Wit Da Hoodie for 'The Dedication' Tracklist
Music

Chief Keef Recruits Lil Yachty & A Boogie Wit Da Hoodie for 'The Dedication' Tracklist

15 new tracks from the Glo Gang star.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.