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Tesla buys automation equipment maker Perbix

November 7, 2017 1:10 PM
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Electric car maker Tesla Inc said on Tuesday it agreed to buy privately held Perbix Machine Co Inc, which designs automated manufacturing equipment.

"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 on its website.

Tesla Chief Executive Elon Musk has insisted on performing much of the work within the company, one of the reasons Tesla has been continually pushing back production targets for the Model 3 sedan.

Source: todayonline.com

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