This Tesla Inc (NASDAQ:TSLA) Supplier Buy 23 Model S to Get More Work

Tesla_Model_S
Photo: Model S/Creative Commons

Maumee Assembly & Stamping, an automotive parts supplier in Maumee, Ohio, is buying 23 Model S sedans in a bid to win more work from Tesla Inc (NASDAQ:TSLA).

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Stanley Chlebowski, the owner of Maumee Assembly & Stamping, said that he ordered the cars to “get Tesla’s attention,” according to a report from Toledo Blade via Electrek.

Maumee Assembly & Stamping started making body parts the Model X earlier this year. The company also builds racks for Tesla’s Gigafactory in Nevada.

Chlebowski, who took delivery of 21 Model S cars on Tuesday, is looking to get a contract for making parts of the Model 3.

“The more we dug into these Teslas, the more I liked them. Yes, they’re expensive. You might as well figure the range of $85,000 to $135,000, maybe even a little more. But I wanted to get their attention,” Chlebowski told Toledo Blade.

“We’re trying to be ahead of the curve and make some noise and promote the company and expand our relationship with them and do more work for them.”

Chlebowski said he is in talks with Tesla Inc (NASDAQ:TSLA) to get work on the Model 3 as well as for a contract to install charging stations.

Tesla Model 3

The Model 3 is an all-electric four-door compact luxury sedan Tesla unveiled in March 2016.

The automaker is set to begin limited Model 3 production in July. The Model 3 is expected to deliver an all-electric range of at least 215 miles.

According to Morgan Stanley analyst Adam Jonas, the Model 3 could be significantly safer than the average car currently on the road.

“We think the Model 3 will feature hardware and software that provide a level of active safety that could significantly lead all other cars on sale today and could, if the company achieves its goal, be an order of magnitude (i.e. 10x) safer than the average car on the road,” Jonas said in a note.

Shares of Tesla Inc (NASDAQ:TSLA) were trading up 2.68% on Tuesday after Tencent revealed a 5% stake in the electric car maker. TSLA is up nearly 30% for the year, and the stock has increased by nearly 22% during the last 12 months.

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