SAN FRANCISCO : Tesla Inc will on Thursday hold an event to mark the opening of its $1.1 billion factory in Texas, which will help ramp up production of electric vehicles and batteries critical to its growth ambitions.
"There will be always be the potential for some hiccups along the way," Morningstar Analyst Seth Goldstein said, adding that Tesla eventually would overcome any ramp-up difficulties as it did with Model 3 production several years ago. Tesla has said it will use giant casting presses to make the rear and front of the cars at new factories, in a bid to reduce manufacturing time and costs.
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