Saturday, 29 September 2018

Amidst Musk scandal, Tesla likely to meet Model 3 production goal for the quarter

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Model 3

It's an interesting time for Tesla, to say the least. At the same time that Elon Musk finds himself the target of an SEC securities fraud lawsuit, the electric automaker appears to be ramping up Model 3 production in a major way. If you recall, early Model 3 production fell far short of Tesla's projections as the company struggled to work around any number of manufacturing bottlenecks. Ultimately, Musk took the blame, explaining that the company relied too heavily upon automation.

Since then, the company has slowly but surely increased Model 3 production, even reaching a 5,000 unit/week production rate last quarter, if only for a short period of time. As to how Model 3 production stands today, Electrek is reporting that Tesla during the September quarter managed to manufacture more than 51,000 units, just barely eclipsing the lower-end of the company's Model 3 production goal for the quarter.

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Amidst Musk scandal, Tesla likely to meet Model 3 production goal for the quarter originally appeared on BGR.com on Fri, 28 Sep 2018 at 17:46:13 EDT. Please see our terms for use of feeds.



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