Tesla is losing its vice president of production: Electrek

FILE PHOTO: The Tesla factory in Fremont, California, USA, June 22, 2018. REUTERS/Stephen Lam/File Photo

(Reuters) – Tesla, Inc., the, vice-president of production, the cost of car production at the factory in Fremont, Peter, Hochholdinger, it is not in the automaker’s more news about the website Electrek reported on Wednesday, citing a source familiar with the matter.

Hochholdinger is the latest in a string of high-profile executives to leave a Tesla in the last two years as the electric car maker struggles to increase production of the Model 3 sedan, which is regarded as crucial for the long-term profitability.

Model, and Hochholdinger, do not immediately respond to Reuters’ requests for comment.

The demand Model is one of the major concerns of the investors, after the company reported slack demand in the first quarter, against the backdrop of the U.S.-chinese trade tensions. Tesla reported a 31 percent drop in first-quarter deliveries had been warned that the gain would be deferred until the second half of the year.

Three years ago, and Hochholdinger, was hired as its vice president of manufacturing of the vehicles of the Volkswagen AG.

Hochholdinger has spent 22 years at Audi, Volkswagen’s flagship premium brand, working across the entire supply chain. He has served as a consultant for the Audi’s all-new manufacturing facility in Mexico.

Tesla is expected to report its second-quarter delivery, and production quantities in July. Shares of Tesla fell nearly 1 percent in premarket trading.

Reporting Akanksha Rana, Bengaluru; Editing by James Emmanuel

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