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giftedviz.com July 23, 2018


Tesla spikes after hitting Model 3 production goal hours after self-imposed deadline

02 July 2018, 05:26 | Austin Hogan

Tesla has met its Model 3 production goals

Tesla 'real car company' after hitting Model 3 goal, Musk says

Despite originally touting the Model 3 as a $35,000 vehicle, Tesla has yet to begin building that basic version and instead is now building a higher-priced version.

Statements from officials say that, despite being built in a tent, the Model 3s that roll off that line are "as good as" those coming off GA3.

"What's more, with the widespread productivity gains throughout Tesla and the new production lines spooling up, we are on track to reach 6K/week for Model 3 next month". A leaked email from Elon Musk later specified that the 7,000-vehicle output was comprised of 5,000 Model 3 and 2,000 Model S and Model X.

Musk reportedly also sent an email to employees stating the goal had been achieved and that he expects to produce 6,000 Model 3s per week next month.

The last 12 months were some of the most hard in Tesla's history, and we are incredibly proud of the whole Tesla team for achieving the 5,000 unit Model 3 production rate. The milestone, which has eluded Tesla since the vehicle started production previous year, was teased over the last few weeks of June.

Tesla has finally hit its weekly target production rate of 5,000 of its "mass-market" Model 3 electric vehicle thanks to a big tent. Our Model 3 weekly production rate also more than doubled during the quarter, and we did so without compromising quality.

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Hitting the target is another against-all-odds achievement for Musk, who first revealed the Model 3 in late 2016, and a relief for customers who have waited patiently for their electric cars. Earlier this year, Musk - who has described his vision for the Fremont factory as an "alien dreadnought" - acknowledged error in adding too much automation, too fast, to the Model 3 assembly line.

The Model 3 - heralded as Tesla's first "mass market" auto - has plagued the company since its launch. "We either found a way or, by will and inventiveness, created entirely new solutions that were thought impossible".

In May, Tesla sent a new battery assembly line via cargo planes to its Gigafactory battery plant outside Reno, Nevada in order to speed production, as first reported by Reuters. Including Model S and X production, the company had a "7000 vehicle week", he wrote. Tesla recently opened up its order system to those in the U.S. and Canada with Model 3 reservations.

Despite touting the Model 3 as a $35,000 vehicle, Tesla has yet to begin building that basic version and instead is now building a higher-priced version.

"The last 12 months were some of the most hard in Tesla's history", the company said in a statement. It is not clear how numerous orders are for the higher-priced versions.



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