Tesla Is Making Over 2,000 Model 3s a Week, Falling Just Short of Its Goal (theverge.com)

According to an email from Elon Musk, Tesla has increased its production of its mass-market electric Model 3 to over 2,000 units per week. "It's an impressive ramp up of production, but it still falls short of Musk's goal of 2,500 Model 3s per week by the end of the first quarter of 2018," reports The Verge. From the report: In the companywide email (which was obtained by Jalopnik, Electrek, and Autonocast host Ed Niedermeyer), Musk sounds a celebratory note on the 2,000-vehicle per week benchmark, while ignoring the larger issue of missed deadlines: "It has been extremely difficult to pass the 2,000 cars per week rate for Model 3, but we are finally there. If things go as planned today, we will comfortably exceed that number over a seven-day period! Moreover, the whole Tesla production system is now on a firm foundation for that output, which means we should be able to exceed a combined Model S, X, and 3 production rate of 4,000 vehicles per week and climbing rapidly. This is already double the pace of 2017! By the end of this year, I believe we will be producing vehicles at least four times faster than last year." With Q1 now behind us, we can expect to see Tesla report its official production numbers to investors sometime this week.

Comments

Flack, incoming

[PopeRatzo]

According to an email from Elon Musk...

This article is a press release. It comes on a day when Tesla Motors stock declined over 11%. In one day. Elon is trying to staunch the bleeding by emailing this "story" out to every single media outlet on the planet.

I've seen Slashdot editors fall for press releases before. It's not even that uncommon. But this one is so much more blatant than the others that it should be noted, and BeauHD should be a little bit ashamed. At least, Musk should have been required to buy an advertisement here before this manufactured story was posted on the Slashdot front page.

Re:Over promise

[LynnwoodRooster]

I wouldn't put too much faith in that. Tesla 25% margin is not plausible even for their higher-end cars except perhaps the Performance trims

So you're saying that Tesla has been lying to the SEC for years? The average margin on S and X was 25%. Their overall automotive margin is down to 18%

Those are lies, Rei - plain and simple. I've called you on them before and you still spout them. The reality is that Tesla has had exactly ONE profitable quarter in the last 5 years (when they booked the Model 3 preorder income), and average about a -13% loss. That's straight from the GAAP numbers from their annual reports. If you have other numbers - put them up.