Elon Musk: "zero concern" Tesla will achieve 10k/week unit production rate by 2018 year end

Discussion in 'In the News' started by clprenz, Aug 2, 2017.

  1. clprenz

    clprenz Member

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    #1 clprenz, Aug 2, 2017
    Last edited by a moderator: Aug 3, 2017
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    During Wednesday’s Q2 earnings call, Tesla CEO Elon Musk stated that their should be “zero concern” that “Tesla will achieve a 10,000/week unit production rate by the end of next year.”, solidifying Tesla’s past production expectations for Model 3.

    Tesla expects to produce 1,500 Model 3s in Q3 this year, along with an increase in Model S/X deliveries. The company also guided in the shareholder letter that they expect to reach a 5,000/week run-rate by the end of 2017. Tesla has not given guidance for Model 3 sales in Q4, due to the number of variables associated with their S-curved production ramp of the vehicle.

    [​IMG]Musk debuted the production ready Model 3 on June 28 and handed over the first 30 vehicles.

    The expected 10,000/week Model 3 production rate would max out the current capacity at Tesla’s Fremont, CA facility. Musk had previously hinted that production could exceed production of 500,000 cars per year at the facility, with the help of automation and expansions at the factory.

    Tesla’s Gigafactory 2 facility in upstate New York is expecting to put the Solar Roof tiles into production at the end of this year. Musk added, “Its going to really be a kickass facility,” when briefly discussing Gigafactory 2.

    “This is the best I’ve ever felt about Tesla, to be frank,” Elon stated on the call.

    You can read more on Tesla’s Q2 financial results here.

    Article: Elon Musk: "zero concern" Tesla will achieve 10k/week unit production rate by 2018 year end
     
  2. Dan8

    Dan8 New Member

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    That's one car per minute. Insane
     
  3. Michael Russo

    Michael Russo Moderator

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    Insane, maybe... yet not unheard of...
    There are other car models that get to 400-500k per year, the Toyota Camry and the VW Golf come to mind.

    Agree this is a paradigm shift when it comes to T≡SLA yet we need to be open to it materializing and Elon & team will certainly do everything they can to make it happen!!
     
  4. Knut Erik Ballestad

    Knut Erik Ballestad New Member

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    But does the Golf's and Camry's come from one single factory each, or from multiple factories?
     
  5. ThosEM

    ThosEM Member

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