Tesla Model 3 Ramp Continues – Musk Survives as Chairman
https://wccftech.com/tesla-model-3-ramp-continues-musk-survives-as-chairman/
Elon Musk, co-founder , Chairman and chief executive officer of Tesla Motors Inc
Ah yes, it’s Tesla (NASDAQ:TSLA) time again! The story of the day is actually a weaving together of several items. Foremost among them that at the Tesla annual shareholders meeting, Musk indicated that the company is well on its way to the magical number of producing 5,000 Model 3’s per week, currently running at about 3,500. This of course is the number which has long eluded Tesla and the company sees as crucial to hitting profitability, something which needs to happen sooner rather than later given the bonds it has coming due later this year and next year if indeed it wishes to avoid a cash raise as Elon Musk suggests.