A leaked email from Elon Musk helps boost Tesla's stock price.
It falls short of 6,000 cars per week, but quarterly number's on the mark.
"It was pretty hectic," said one worker.
Goldman Sachs analyst is "in for a rude awakening," says Musk.
Tesla Inc will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters. The Silicon Valley luxury electric car maker previously warned of 10 days of temporary shutdowns this quarter as the company addresses manufacturing problems that have delayed volume production of the Model 3 sedan, which is seen as crucial to Tesla's long-term profitability.
Tesla will attempt to ramp up production to 6,000 Model 3 cars per week by the end of June to reach its weekly goal of 5,000 and allow for a margin of error, Electrek reported, citing a letter to employees from Chief Executive Elon Musk.
Tesla's affordable Model 3 has been trapped in development hell for what seems like ages now, and in an interview with CBS's Gayle King, CEO Elon Musk offered a little more insight into how the production process has fallen short. While escorting King through the company's Fremont, California-based factory, Musk conc
Tesla Inc is targeting November 2019 as the start of production for its Model Y sport utility vehicle, with production in China to begin two years later, two sources told Reuters this week, shedding some light on the electric vehicle maker's next project that could tax its resources and capacity.
Tesla quashed any speculation it might need to raise more capital this year on Tuesday, driving the company's battered shares higher as it announced it built 2,020 of its Model 3 sedans in the last seven days of March.
Tesla will reportedly fall short of its 2,500-per-week target for production of the crucial Model 3 sedan when it reports its numbers this week, but the news isn't entirely bad.
Shares of Tesla fell 5 percent in premarket trading on Monday ahead of the electric car maker's announcement of quarterly production numbers for its crucial Model 3 sedan.
Other analysts are encouraged that Tesla is forthright about its problems.
Skipping a traditional step in the prototype process.
In January, Tesla CEO Elon Musk visited Tesla's French HQ in Chambourcy. During the event, Musk brought up the idea of building a Tesla factory somewhere in Europe, and that the French Alsace region would be a good option in terms of geography.
The future's cloudy, but you should still buy the stock. That's the message Forbes is sending about Tesla Motors.
When NUMMI closed its doors, 4,700 employees were left stranded without a job. Then, Toyota and Tesla stunned the auto industry with the announced partnership that would
Tesla Model S sedan – click above for high-res image gallery
Tesla to announce site of electric vehicle plant soon, hirings underway as Model S development gets going
Tesla Model S – Click above for high-res image gallery