Thursday, 20 September, 2018

Wow: Tesla just built 7000 cars in a week

Tesla’s Model S Tesla’s Model S
Kenneth Drake | 03 July, 2018, 00:49

Tesla on Monday touted record second quarter production numbers for the Model 3 alongside continued strong output of the more expensive Model S and Model X. For the final week of June, Tesla says it produced 5,031 Model 3 and 1,913 Model S and Model X vehicles.

"We either found a way or, by will and inventiveness, created entirely new solutions that were thought impossible", he added.

Not only did we factory gate over 5000 Model 3's, but we also achieved the S & X production target for a combined 7000 vehicle week!

The Model 3, a relatively low-priced model for Tesla, is meant to transform the company from a niche maker of expensive, high-end, vehicles to a major auto manufacturer.

The company has been beset by controversy in recent weeks, as Musk accused former employees of sabotage after a small fire on one production line and filed a lawsuit against another for orchestrating a data leak to the press. At the same time, Musk issued a voluntary recall of 123,000 Model S Teslas because of faulty power steering.

"We did it!" Musk proclaimed in the email to employees Sunday.

Importantly, Tesla said the Model 3 reservations count at the end of the second quarter still stood at roughly 420,000.


The statement said that the regular Model 3 assembly line alone should be able to reach 5,000 cars a week "soon", but that the new GA4 assembly line will eventually help the company exceed that rate. To meet its June production goal, Tesla set up a massive tent outside its main factory that housed yet another assembly line.

While production hiccups have led to tumultuous periods for the shares, they're now up 10 percent this year, and the company is valued at $58.2 billion. To quickly put another assembly line in place, Tesla built a large tent at the factory site.

Tesla is finally catching up to CEO Elon Musk's promises. Musk told investors on a first-quarter earnings conference call that the company relied too heavily on automation. Amid a cash crunch, Tesla has focused on Model 3 options with sticker prices in the $65,000+ range, as opposed to the more affordable $35,000 base model, which it has yet to begin building. Tesla produced 7,000 cars in total last week, including 5,000 Model 3 sedans.

By late next month, Model 3 production is expected to increase to 6,000 units per week.

Tesla has been trying to hit a 5,000 per week production target of its Model 3 sedans for months after facing production obstacles.

"As we previously noted, we are in the process of changing the quarterly production pattern of those vehicles for the various worldwide regions to ensure a more linear flow of deliveries through the quarter". Model 3 Dual Motor All Wheel Drive and Model 3 Dual Motor All Wheel Drive Performance cars will also be available in our stores shortly. Tesla has delivered 28,386 Model 3 cars to date.

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