Tesla Model 3 production rate up
The Tesla Model 3 has now reached a production rate of 2,000 vehicles per week, as was revealed in an email by CEO Elon Musk to Tesla employees.
While the weekly production rate is a step in the right direction for Tesla, who has set themselves ambitious targets and battled with production difficulties until recently, it also means that the company is behind its 2,500 vehicle-per-week quota.
Musks’s congratulatory email also stated: “If things go as planned today, we will comfortably exceed that number over a seven-day period!”
The milestone of 5,000 vehicles per week is set for the end of Q2, meaning that Tesla will have to produce more than double within the next months in order to keep up with its milestone plan. The milestones are also of particular interest to Musk, as his compensation package as CEO is directly tied to the achievement of the milestones.
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