Tesla ‘moving in a good direction’ with shutdown: Gene Munster

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A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China.

Tesla had previously warned of 10 days of temporary shutdowns this quarter to address issues that have delayed volume production of its new Model 3 sedan.

Munster, managing partner at venture capital firm Loup Ventures, said that Tesla’s desire to re-engineer the manufacturing process requires the shutdown. However, Munster said he is “delighted” about the new technology it plans to implement, which he called “a whole new paradigm around manufacturing.”

Meanwhile, Munster also is not concerned about the recent management shake-up at Tesla.