Tesla Stock Dips Again as Weeklong Production Halt Looms in Austin ⚠️

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Olori Uwem

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Mar 18, 2024
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Tesla Stock Dips Again as Weeklong Production Halt Looms in Austin ⚠️

Tesla’s stock took a hit on Tuesday, falling nearly 4%, following reports that the electric vehicle (EV) giant is planning a weeklong production pause at its Austin, Texas plant — the same facility expected to launch the highly anticipated robotaxi fleet later this month.

Production Pause Details

According to Business Insider, Tesla has informed employees that production of both the Cybertruck and Model Y will be halted for one week starting June 30, to allow maintenance work on the production lines.

If confirmed, this would mark Tesla’s third production halt in the past year, raising concerns about operational consistency.

Tesla has not issued an official comment on the report as of press time.

Robotaxi Launch Just Days Away

The Austin factory is also the stage for Tesla’s robotaxi debut, which CEO Elon Musk recently said is “tentatively” scheduled for June 22. The rollout is expected to start with 10 to 20 vehicles, with plans to scale up the fleet in the coming months.

Stock Struggles in 2025

Tesla stock (TSLA) has now lost approximately 20% of its value since the beginning of 2025. This downward trend has been fueled by:
• Concerns about slowing EV sales
• Tariff-related uncertainties
• Ongoing controversies surrounding Musk’s political activities

Investor Sentiment

The news of a production halt—so close to a key product launch—has left many investors jittery. While some see the maintenance break as routine, others worry it could signal deeper issues in the supply chain or demand pipeline.

Stay tuned for more updates as Tesla approaches its robotaxi rollout date and the market watches closely.