But Tesla just released its official statement
"There was a failure in a low pressure aluminum casting press. Three employees were injured by hot metal from that press. We are making sure that they receive the best possible care.”
God. Can we please get a break?
Well at least seems the 11.5M volume thing isn't going to be a problem with the bear pendant (looking at the bright or at least less dark side of things) with 11.1M shares traded already (a cool > 1M shares swapped hands with this yet another fire news).
True and TSLA finished above 12M in volume. Though there is the caveat that it may have still finished just under 11.5M if that plant fire rumor didn't cause a small panic in the last 45 minutes or so before the close.
I'm out and about right now but I'll be able to do a better analysis when I get home later and look at my chart. The best that I can say about TSLA for now is the fact that we need to watch the volume tomorrow.
I am wondering what impact the failure of low pressure aluminum casting press could have on the factory output. The question is whether there is any spare production capacity of the cast aluminum parts, so the failure of one press does not mean that factory production needs to stop until the failed press is replaced.
The press could have been used for casting of the front suspension parts, or, may be, lower ballistic shield (?) - .25" thick plate protecting the bottom of the battery pack. The rear suspension parts, according to the Motor Trend 2013 Car of the Year article are made from extruded aluminum.