Tesla missed its Model 3 numbers again, but doubled down on its June target
https://qz.com/1243225/tesla-tsla-missed-its-model-3-numbers-again-but-doubled-down-on-its-june-target/
The numbers are in, and Tesla fell short of its Model 3 production target—again. The electric carmaker produced 2,020 Model 3 vehicles in the last week of March, short of the 2,500 per week goal it has promised customers and investors this year. But the progress seemed to reassure some investors as the stock climbed 3% over yesterday’s close after the announcement. The company said it delivered 8,180 Model 3 during the first quarter.
The could-have-been-worse news comes as Tesla struggles to hit its production targets for the Model 3, its first mass-market vehicle with more than 400,000 buyers on the waiting list. Originally, Tesla CEO Elon Musk had planned to have 20,000 of the cars rolling off assembly lines by now, but a string of assembly and automation problems made that impossible.