Tesla is setting new production goals for Model 3


Tesla’s latest targets have now been announced to investors and analysts: The weekly production rate for Model 3s is planned to be increased to 7,000 vehicles per week by the end of the year and to 10,000 per week by mid 2019.

The planned milestones were announced by the Tesla investor communications teams during a meeting this past week. Still, Tesla boss Elon Musk mentioned that the company still stands with one foot in “production hell”. The target to produce 5,000 Model 3 vehicles by the end of June was only barely reached and production is apparently still somewhat difficult and may take another month before it reaches a normal flow.

Not all the investors are happy that Elon also hobbies as a taskforce for critical situations around the globe. Most recently, he offered to build a submarine to rescue school children trapped in a cave in Thailand. His fourth biggest investor, James Anderson, was quoted saying that he wishes Elon would take more quiet time and focus on work.

electrek.co, bloomberg.com


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