https://www.reuters.com/article/us-tesla-model-idUSKBN19O0GE

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retiredyoung

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04/07/17

08:39

Post #: 25645785
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Tesla Inc said it delivered about 47,100 electric sedans and SUVs in the first half of 2017, at the lower end of its own forecasts, shortly after Chief Executive Elon Musk announced that production of its mass-market Model 3 would start this week and build to 20,000 per month in December.

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Tesla said a "severe shortfall" of new battery packs had constrained vehicle manufacturing until June, and it forecast that second-half deliveries of the Model S sedan and Model X sports utility vehicle likely would exceed those of the first half. It had forecast first-half deliveries of 47,000 to 50,000.

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In a series of posts on Twitter late on Sunday, Musk said the Model 3 had passed all regulatory requirements for production two weeks ahead of schedule.

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"Production grows exponentially, so Aug should be 100 cars and Sept above 1,500," Musk said. "Looks like we can reach 20,000 Model 3 cars per month in Dec."

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That is in line with targets Tesla previously set, of more than 5,000 Model 3s per week by the end of this year and 10,000 vehicles per week "at some point in 2018".

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The Model 3 marks a turning point for Tesla as it transitions from a niche luxury car manufacturer to a mass producer. The 500,000 vehicles the company plans to make next year is nearly six times its 2016 production.

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https://www.reuters.com/article/us-tesla-model-idUSKBN19O0GE
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https://www.reuters.com/article/us-tesla-model-idUSKBN19O0GE

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