Elon Musk: Tesla is preparing to increase Model 3 production substantially
Electric vehicle manufacturer Tesla Motors CEO Elon Musk has informed company employees in a recent email that preparations are underway at the company to substantially increase production of Model 3 units. Tesla Motors stock faced decline as the company wasn’t able to achieve earlier set target for Model 3 deliveries. The mass market Tesla Model 3 will be crucial for the company to prove its ability to deliver on its promises and investors are keeping a close watch on Model 3 delivery data.
Musk also said that to achieve the mentioned objective, Tesla is shutting down Model 3 production for 3-5 days in Gigafactory 1 and Fremont, so that a comprehensive set of upgrades can be delivered at the two facilities.
According to Musk’s email to Tesla employees, the forthcoming upgrades at Gigafactory 1 and Fremont will pave the way for increasing Model 3 production to 3000-4000 units per week from May 2018.
Musk also added alongside that another set of upgrades scheduled to commence in late May will enable Tesla to unlock a targeted production capacity of 6000 Model 3 units per week by June-end; thereby marking a potential two-fold increase in the production of the vehicle. After accounting for a margin of error, Tesla is hopeful of achieving 5,000 Model 3 units per week, across all production processes and suppliers, in June.
In a further elaboration of Tesla’s Model 3 plans going forward, Musk said in the email: “By having a Model 3 subsystem burst-build requirement of 6k by the end of June, we will lay the groundwork for achieving a steady 6k/week across the whole Model 3 system a few months later.”
Electric vehicle maker Tesla Motors has recently released a new image of its forthcoming Model Y all-electric compact SUV. The image, in the form of a design sketch, was released by the automaker at its shareholder meeting held recently.
In an indication that Tesla’s Model S and Model X high-end electric luxury cars may soon be challenged by a potential competitor, Porsche has announced its first purely-electric sports car --- the ‘Taycan.’
In an interesting report, US News has revealed that electric cars have gained a lot of popularity in five Nordic countries --- Norway, Finland, Sweden, Denmark, and Iceland.
In a recent disclosure by Nissan hinting at a high demand for its new LEAF electric vehicle (EV), the Japanese automaker has revealed that the orders for the new LEAF in Europe have reached 37,000 units.
Tesla CEO Elon Musk has recently confirmed the timing for the launch of the electric vehicle manufacturer’s powerful new fast charger, the Supercharger V3.
French automaker Groupe Renault has introduced an ‘affordable’ new all-electric vehicle --- the Renault K-ZE electric crossover. The new vehicle was unveiled recently by Groupe Renault Chairman and CEO Carlos Ghosn.