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Tesla cutting it close on Model 3 production target - Electrek

Sep. 21, 2018 3:00 PM ETTesla, Inc. (TSLA) StockTSLABy: Clark Schultz, SA News Editor177 Comments
  • Tesla (TSLA -0.1%) produced about 3.8K Model 3 vehicles this week, according to Electrek. Model 3 production ranged from a record of 800 vehicles last Friday to 325 vehicles on Sunday.
  • "Tesla could achieve at least the lower-end of their Model 3 production guidance of 50,000 to 55,000 vehicles, but they would need to keep producing cars at their record pace, which they have had difficulties maintaining," observes Electrek.
  • Electrek's forecast for Q3 Model 3 production is below the estimate of several Wall Street firms with positive ratings on the EV automaker. The Model 3 forecasting debate will be resolved in about two weeks when Tesla updates on Q3 deliveries.
  • Separately, Tesla is said to have sold 1,124 new Model 3 Performance vehicles over the last two weeks.

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