Tesla hits Model 3 weekly production goal for first time

Eileen GuzmanJul 03, 2018

The Spice. Must. Flow.

In total, the company produced 28,578 Model 3s in the second uarter, for an average rate through the quarter of just under 2,400 cars per week.

In its statement, the company said the new line was responsible for 20 percent of Model 3 production last week, or about 1,000 cars. During the second quarter, however, Tesla dug deep in order to overcome its production challenges, with the company resorting to unusual solutions, such as air-freighting robots from Europe and setting up a new assembly line in a sprung structure, in order to improve its chances of attaining its Q2 0218 production goals. The Associated Press quotes market research firm AutoPacific's manager of product analysis Dave Sullivan as saying "Reaching it is one thing. I don't think producing 5,000 once is anything to get excited about until it's repeatable". Speaking of, the regular line is expected to hit a production rate of 5,000 Model 3s per week soon but isn't quite there yet.

While it produced 53,339 vehicles, Tesla said it delivered 40,740 vehicles.

Tesla has been trying to hit a 5,000 per week production target of its Model 3 cars for months after facing production obstacles. "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", he said. The company said it expects to make 6,000 per week by late next month.

If they want to impress EV enthusiasts, they would have to produce and sell 7,000 electric cars in a week, but they can't do that in a year right now. More importantly, Model 3 production exceeded combined Model S and Model X production, totaling 28,578.

Ford is adding itself to the conversation by somewhat mocking Tesla's Model 3 production achievement by comparing it with its own manufacturing capacity.

In the meantime, Tesla has concentrated on higher-end versions, including a new range-topping dual-motor performance version priced at $78,000, which has helped avoid even larger losses.

"I think we just became a real auto company. thank you for your hard work and dedication".

It's not clear how numerous 450,000 who put down a $1,000 refundable deposit did so on the basis of the $35,000 asking price. Tesla said cash from Model 3 sales will pay the bills and drive profits. In recent weeks, company executives concluded they could produce Model 3 underbodies with fewer spot welds than they had been using. Although there had been concerns that reservation holders might request refunds of their deposits given the wait involved, the automaker insists that's not a concern.

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