Tesla acquires automation specialist Perbix

By Pouyan Broukhim

US electric car company Tesla revealed that it has acquired automated manufacturing company Perbix Machine Company with the aim of improving its manufacturing process amidst problems with the production of its Model 3 vehicles.

Tesla had been working with Perbix for a number of years previous to the announcement of the acquisition, acting as a supplier. However, through buying the company, Tesla will now be able to bring more parts production under its own management.

See also:

“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 said.

Although many automakers generally outsource the production of parts to specialists, Tesla’s CEO Elon Musk has continually said that he is keen to produce the significant majority of these in house – a major reason why the company's manufacturing targets for Model 3 sedan have continually been pushed back.

The firm has taken on 150 employees as a result of its acquisition of Perbix, coming shortly after Tesla laid off at least 700 employees for performance related issues.

Financial terms of the deal were not disclosed; however, it is understood that the deal was a combination of cash and shares.

Share

Featured Articles

How Elon Musk pulled off a $44bn hostile takeover of Twitter

As the world’s richest man, Elon Musk, takes over tech giant Twitter, we highlight the timeline that led to this titanic takeover

Amazon, Alphabet, Wells Fargo best workplaces, says LinkedIn

The top 50 workplaces to grow careers prioritise flexible work and tuition-support programs, as top-ranking firms Amazon and Alphabet prove, says LinkedIn

Top 10 women in technology in the US

These 10 women in tech are forging a path into bold areas of innovation and technological ambition, according to sister publication Technology Magazine

8 executive moves to crypto – from mainstream to startup

Technology & AI

Digital Twins tech ‘missing link’ in urban decarbonisation

Technology & AI

The Metaverse Foundry from Infosys is a business playground

Technology & AI