Tesla Hits Target Of 5,000 Model 3 Production In A Week

Tesla on Monday said it met its target of 5,000 Model 3s in a week, according to an email sent to employees on Sunday afternoon.

Tesla also expects to produce 6,000 Model 3 sedans a week “next month.”

After repeatedly pushing back internal targets, Tesla vowed in January to build 5,000 Model 3s per week before the close of the second quarter on Saturday to demonstrate it could mass produce the battery-powered sedan.

Production of the Model 3, which began last July, has been plagued by a number of issues, including problems from an over-reliance on automation on its assembly lines, battery issues and other bottlenecks.

The announcement comes one day after CEO Elon Musk congratulated Tesla employees for hitting the company’s target of building 5,000 Model 3 vehicles.

The Tesla Model 3, all-electric is one of the most anticipated vehicles of all time says DigitalTrend.

The Californian company received nearly 400,000 pre-orders, worth upward of $10 billion, simply by showing off a close-to-production prototype.

Tesla will have to prove to investors that it can sustain and increase its production pace.

Source: Reuters

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