Tesla Finally Reaches Production Target

Published on: 02 Jul, 2018

Tesla Inc (NASDAQ: TSLA) announced Monday that it has finally reached its desired production milestone, in the last seven days of Q2, Tesla produced 5,031 Model 3 and 1,913 Model S and X vehicles. Tesla also raised its production target for the Model 3, its first mass-produced electric car. The company said it expects to make 6,000 per week by late next month.

According to Tesla's official press release, "Q2 production totaled 53,339 vehicles, a 55% increase from Q1, making it the most productive quarter in Tesla history by far. For the first time, Model 3 production (28,578) exceeded combined Model S and X production (24,761), and we produced almost three times the amount of Model 3s than we did in Q1. Our Model 3 weekly production rate also more than doubled during the quarter, and we did so without compromising quality."

Data provided by Tesla, shows that Model 3 reservations, at the end of Q2 still stood at roughly 420,000, and has now delivered 28,386 Model 3 vehicles to date.

Ratings

Ratings
  • 1889Views
  • 0Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Danny Abramov

Email: danny@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

06 Jun, 2017 1895
17 Jul, 2017 1919
08 Aug, 2017 2085
09 Aug, 2017 2352

Comments

There is no comment on this article