Tesla will likely build 500 Model 3s per day this week, Elon Musk says

Tesla Chief Executive Officer Elon Musk said production of its crucial Model 3 sedan is likely to exceed 500 vehicles per day this week.

That would translate to about 3,500 Model 3s per week, up quite a bit from the weekly production rate of 2,270 Tesla hit in the last week of April.

Earlier this month, Tesla said its Model 3 production target remains on track, expecting about 5,000 per week in about two months.

Musk told employees that if anyone knew of any specific bottlenecks that would prevent the carmaker from achieving that production rate, they should come to him this week, according to a report by Electrek that cited an email from Musk to workers.

Tesla did not respond immediately to a request for comment.

The news comes a day after Musk said Tesla was undergoing a "thorough reorganization" as it contends with production problems, senior staff departures and recent crashes involving its electric cars.

Tesla will still rapidly hire people to fill critical positions "to support the Model 3 production ramp and future product development," Musk said on Monday.

Tesla is at a critical juncture as it tries to fix an inauspicious launch of the Model 3 sedan, a mid-market car crucial to its success and future profitability that has been plagued by early production problems.

Reporting by Sanjana Shivdas

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