During Wednesday’s Q2 earnings call, Tesla CEO Elon Musk stated that their should be “zero concern” that “Tesla will achieve a 10,000/week unit production rate by the end of next year.”, solidifying Tesla’s past production expectations for Model 3.
Tesla expects to produce 1,500 Model 3s in Q3 this year, along with an increase in Model S/X deliveries. The company also guided in the shareholder letter that they expect to reach a 5,000/week run-rate by the end of 2017. Tesla has not given guidance for Model 3 sales in Q4, due to the number of variables associated with their S-curved production ramp of the vehicle.
Musk debuted the production ready Model 3 on June 28 and handed over the first 30 vehicles.
The expected 10,000/week Model 3 production rate would max out the current capacity at Tesla’s Fremont, CA facility. Musk had previously hinted that production could exceed production of 500,000 cars per year at the facility, with the help of automation and expansions at the factory.
Tesla’s Gigafactory 2 facility in upstate New York is expecting to put the Solar Roof tiles into production at the end of this year. Musk added, “Its going to really be a kickass facility,” when briefly discussing Gigafactory 2.
“This is the best I’ve ever felt about Tesla, to be frank,” Elon stated on the call.
You can read more on Tesla’s Q2 financial results here.
