Tesla Meets Production Goal

July 3, 2018 1:38 pm Last Updated: July 3, 2018 1:41 pm

Tesla announced that the company met its production goal last week. The car factory reports having produced over 5,000 Model 3 cars during June. Tesla said that this was a key part of being able to generate profit in the coming quarters.

“Once they can start moving the cars out of the factory and into customers’ garages, the company can begin to make money,” said Tim Higgins, a reporter for the Wall Street Journal in San Francisco.

Elon Musk, Tesla’s chief executive officer, sent out thank you emails to employees Sunday, saying, “We did it!! What an incredible job by an amazing team. Couldn’t be more proud to work with you! I think we just became a real car company.”

To achieve that level of production, Musk added a third assembly line inside a 50 feet-high tent. In the past, the company faced various production glitches, making the latest goal a big achievement.

“One of the challenges now is going to be the supply community, these [car] parts come from all sorts of suppliers from around the world, and can they keep up with the pace that Tesla is now being able to make these vehicles,” Higgins said.

Musk is now setting a new goal of producing 6,000 Model 3 cars a week starting August.