Matt Robinson profile picture Matt Robinson 2 years ago 42

Tesla Managed To Make 5000 Model 3s Last Week

Last week, the Californian manufacturer produced 7000 cars in total, 5000 of which were Model 3s

Remind me later

After months of production line issues and questions about quality, Tesla has at last managed to hit a milestone with the Model 3, building 5000 examples of the electric BMW 3-series rival last week.

Including the Model S and X, 7000 cars were made in that time at the company’s facility in Freemont, California, with Model 3 production helped by an unusual additional assembly line housed in a giant tent which has been described as “semi-permanent”.

It’s crucial that Tesla sustains these kind of numbers to become a viable company. The firm lost cash at an alarming rate during the first quarter of 2018, and recently cut nine per cent of its workforce as it restructured in a bid to become profitable.

The Model 3’s production line has been hampered by a variety of setbacks including automation issues and problems with batteries. None of entry-level, $35,000 Model 3 have been built yet either, with the company focusing on higher-priced examples.

With Tesla holding 450,000 reservations for the Model 3, there’s still a long way to go until the backlog is cleared, but it’s looking like the company might have finally hit its breakthrough moment.

Source: Reuters