Tesla Model 3 Configuration To Delivery - 2 Weeks (CleanTechnica Reader Report)

Tesla Model 3 Configuration To Delivery - 2 Weeks (CleanTechnica Reader Report)

Tesla Model 3 Configuration To Delivery - 2 Weeks (CleanTechnica Reader Report)

Of that total, the consensus was expecting 4,100 Model 3 cars, but the automaker delivered only 1,550 of its mass-market vehicle. Since then, it appears that production has improved dramatically, with Tesla now claiming that it should be able to manufacture 5,000 Model 3 vehicles a week by the end of March 2018.

JPMorgan analyst Ryan Brinkman wrote in a report last month that he thinks Tesla stock could fall 40% in 2018 due to the Model 3 difficulties.

During the forth quarter of the year, the company delivered 29,870 cars, with 15,200 of those being the Model S and 13,120 made up of Model Xs.

Tesla (TSLA) reached our expected production rates for the Model 3 in late December (although below some Street expectations that ranged up to the 2,500 area) and that gives us confidence that much more accelerating and substantial rates can be expected over coming weeks and months. However, the automaker has been battling production problems since early in the Model 3 production process. That said, we're encouraged by hundreds of Model 3s have been spotted at delivery centers and at the Fremont factory shown in a video here, along with several suppliers reporting that they are back to delivering Model 3 parts at volume.

With Tesla poised to post its earnings report for the holiday quarter later today, we won't have to wait long to see how overall Model 3 production stacked up in 2017. Tesla also had about 2,520 Model S and X vehicles in transit as of the end of the quarter. "Ramping up production levels with a flawed product is foolish", she said.

Tesla's official release focused on the bright side of Model S and Model X sales: combined delivery of these two models reached 28,320 units, a 27 percent growth over 2016 and an all-time high. The last update on Model 3 production calls for "a production rate of 5,000 Model 3 vehicles per week by late Q1 2018", which we believe is ambitious.

Q4 Recap: Tesla reported Q4 delivery and production numbers after the equities market closed yesterday afternoon.

Throughout a year ago, Tesla Chief Executive Elon Musk had trumpeted a production level of 5,000 a week by December 2017.

Michelle Krebs, an executive analyst for the auto buying site Autotrader.com, said Tesla would have been better served by not announcing such lofty production targets initially.

The company said it will "continue to focus on quality and efficiency rather than simply pushing the highest possible production in the shortest period of time".

We're very grateful to everyone at Tesla who has poured their heart and soul into helping with the Model 3 ramp and creating the progress we are seeing.

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