By now, most people are aware that Tesla (NASDAQ:$TSLA) has endured some serious output challenges with the Model 3 vehicle. However, Bloomberg has reported that the auto-manufacturing company is doing everything in their power to turn around these production challenges. One way, in particular, is by acquiring automated manufacturing equipment supplier Perbix, which is a supplier the company has been working with for a number of years.
While the terms of the deal have yet to be disclosed, we do know that the acquisition comes at a time when Tesla is primarily focused on improving yield rates for its Model 3 vehicle. On the earnings call, CEO Elon Musk said that he and CTO JB Straubel are basically living at the Nevada-based Gigafactory in an attempt to fix the bottleneck problems in production.
To correct the problem, which Musk said is now in the hands of a supplier, the Palo Alto, California-based company has taken on a key production element and redesigned it from a hardware and software perspective. As of right now, it is unclear as to whether the work of Perbix or this acquisition is linked directly to that process, but it seems very likely that the deal went through in order to improve Tesla’s overall manufacturing capacity.
“With the acquisition of Perbix, Tesla further advances its efforts to turn the factory itself into a product – to build the machine that makes the machine,” Tesla wrote on its website.
For those who don’t know, Perbix is a privately held company that designs automated manufacturing equipment. Perbix, which is based in Minnesota, has been a supplier for Tesla for almost three years.
Featured Image: depositphotos/philipus
