Tesla Just Announced The Latest Model 3 Production Delay
Remember when Elon Musk said Tesla would be making 20,000 Model 3s a month by December 2017? Now we’re into January, we can report that Tesla fell a little short - it made just 1550. In the entire fourth quarter of last year.
Tesla’s revised timeline issued in November targeted 5000 cars a week by the end of Q1 2018, but that’s not going to happen either. Instead, the firm is now saying it’ll be making 2500 Model 3s a week by the end of this quarter, hitting the 5000 mark by the end of Q2.
In a statement, the company said:
“As we continue to focus on quality and efficiency rather than simply pushing for the highest possible volume in the shortest period of time, we expect to have a slightly more gradual ramp through Q1.”
2017 was a troubled year for Tesla, during which time it posted its biggest ever loss, and at one point was reported to be spending $8000 a minute. Persistent “bottlenecks” have hampered progress on building Model 3 orders, with CEO Musk describing the car as being in “production hell.”
Time will tell if these new targets are hit, but whatever happens, most of the 400,000 or so people on the waiting list won’t be seeing their cars any time soon.
Growing up on a diet of World Rally Championship highlights and lengthy Gran Turismo 2 sessions, a life in cars was as good as inevitable for Matt.
Comments
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Elon: “get that rocket ready, its time leave earth”.
Time for Tesla to launch another product for its worshippers to bow down too…create hype get a load if investment and then hemerrage all that money down the drain …and repeat
“focus on quality”
HAHAHAHAHAHAHAHA TESLA…. BUILD QUALITY? HAHAHAHA
This slowly becoming ridiculous. So far, Tesla has missed every production goal they promised both themselves and their customers. Each and any of them.
What a great car)
People gonna get their model 3 when everyone else have moved on
Oh Elon! Your intentions were good.
We’ll remember you for that, if nothing else.
Ugh. Why can’t the investors just give up and let Tesla go into administration already. Tesla have done so poorly to meet their targets, and it’s not like their cars are any good