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Tesla pushing hard to hit Model 3 target

Published 03/29/2018, 12:02 PM
© Reuters.  Tesla pushing hard to hit Model 3 target
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  • An internal e-mailed leaked to Bloomberg indicates that Tesla (TSLA +1.2%) is placing a high priority in pushing up its production run rate on Model 3s this quarter.
  • Tesla VP of Production Peter Hochholdinger told employees on March 21 that the company was looking to squeeze out more Model 3 production by suspending the Model S and Model X lines for several days, and give some employees the option to pitch in with the Model 3 line.
  • Another e-mail dated March 23 from a different Tesla manager stated that it would be an "incredible victory" if the company could hit a production run rate of 2.5K per week by March 31.
  • The Bloomberg Tesla Model 3 Tracker currently shows an estimate of 1,026 vehicle per week and a total of 11,511 vehicles.


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