The company says that in the past seven days it produced 2,020 Model S vehicles, lower than its 2.5K target set earlier. "In the next seven days, we expect to produce 2,000 Model S and X vehicles and 2,000 Model 3 vehicles," says the company.
Tesla's Q1 deliveries came in at 29,980 vehicles, of which 11,730 were Model S, 10,070 were Model X, and 8,180 were Model 3.
On production issues: "We were able to double the weekly Model 3 production rate during the quarter by rapidly addressing production and supply chain bottlenecks, including several short factory shutdowns to upgrade equipment."
On demand: "Net Model 3 reservations remained stable through Q1."
Shares of Tesla are up 4% about ten minutes after the press release hit.
Now read: Tesla's Bond Plunge »
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