(cont'd from last Friday's post)
Quarter 2 of 2018 (April-June) ended on Saturday, and the critical numbers are in. Production of Tesla's Model 3 in Q2 reached a new high. But still not to that 5,000/week that Musk has been promising for a year . . which they absolutely need to be profitable.
"Tesla has accomplished something no other automaker can claim: It's made a relatively affordable electric car, the Model 3, that hundreds of thousands of people are lining up to buy. The only problem is that Elon Musk and company can’t produce enough of them."
Tesla is always big news in the investment world, the manufacturing world, and public opinion - so there's tons of attention on what the factory is doing. Bloomberg has developed a way to get their own idea of how many Model 3's are rolling out, and they estimate production now at about 4,533 per week.
Seems like Musk's superpower is handling pressure. As you know, he's sleeping in the factory lately. From one of his tweets: "First bday I’ve spent in the factory, but it’s somehow the best."
Pics from the factory tomorrow.
(cont'd tomorrow)
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