Tesla Just Barely Achieved Its Model 3 Production Goal in Q2

3 sedan is displayed during its launch in Hawthorne

3 sedan is displayed during its launch in Hawthorne

Tesla hit a key milestone in the second quarter, managing to hit a 5,000-per-week production target for its important Model 3 electric vehicle.

The big question many had, though, was whether Tesla could reach its production goal of making 5,000 Model 3 per week.

The technologist wrote: "We did it!" The boost in productivity has been attributed to GA4, the new Tesla production line which is located in a tent. In a recent financial filing, Tesla reports that it has reached its Model 3 electric vehicle production goal of 5,000 per week.

The Goldman Sachs analyst David Tamberrino warned in June that Tesla would most likely miss its Model 3 targets, echoing the scepticism of many of his peers.

In the email, Musk claimed that the achievement made Tesla "a real auto company" and expressed his confidence that production delays are now a thing of the past. That total included 18,440 Model 3, 10,930 Model S, and 11,370 Model X vehicles.

"The last 12 months were some of the most hard in Tesla's history, and we are incredibly proud of the whole Tesla team for achieving the 5,000 unit Model 3 production rate". This could denote that the pickup will be less of a luxury product and more of a genuine work vehicle, and we hope it will be priced accordingly. "We either found a way or, by will and inventiveness, created entirely new solutions that were thought impossible".

Tesla has received around 450,000 Model 3 reservations but the cheapest version of the auto, priced at $35,000, is not yet available to customers.

"I think we just became a real auto company. thank you for your hard work and dedication". The challenge now is maintaining productivity.

Field oversaw the troubled rollout of Tesla's Model 3.

News that Tesla had hit the 5,000-per-week target came out Sunday as the last Model 3 rolled off the assembly line and employees celebrated.

The electric automaker faced Wall Street skepticism in the last few months due to forecasts of how much cash it was burning through every quarter, and how much cash it would need to keep production going. "To be precise, my mistake".

Doug Field was relieved by Elon Musk as head of Model 3 production in April and is now taking a break from the company.

But the CEO stressed that Model 3 assembly would not be impacted.

Explaining the cause behind a string of delays, Musk earlier this year took the blame and said that the company, at his insistence, relied too heavily upon automation. The company had failed to meet any of its production and delivery targets for the Model 3 up until now.

He may turn out to be right, if Tesla can hit these manufacturing again and again.

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