Tesla increases production of its affordable Model 3 sedan

Daily Mail - Science & tech

Tesla gave customers and investors both good and bad news on Tuesday. Elon Musk's electric car company gave a fresh update on the ongoing'production hell' of its Model 3 mass-market car. The firm increased production of the Model 3 in the first quarter but still fell far short of the numbers it promised last summer. Tesla said it made just under 9,800 Model 3s between January and March. That's four times what it made in the fourth quarter, but still only a fraction of the 20,000 per month that Musk pledged to make when the firm first introduced the car.


Tesla 'on track' to begin building Model 3 in July

Daily Mail - Science & tech

Tesla has reported a loss for the last three months of 2016 - but revealed production of its much anticipated Model 3 is still on track. Tesla posted its first profit in three years in last year's third quarter and had predicted net income in the fourth quarter, but instead, Tesla lost $121.3 million, or 78 cents per share, for the quarter. However, it told investors ' Our Model 3 program is on track to start limited vehicle production in July and to steadily ramp production to exceed 5,000 vehicles per week at some point in the fourth quarter and 10,000 vehicles per week at some point in 2018. Tesla will shut down production at its California assembly plant for a week this month to prepare for production of its high-volume Model 3 sedan. Elon Musk has boasted the firm's production facility for its much anticipated Model 3 will look like an'alien dreadnought'.


Tesla pauses Model 3 production (again) to fix bottlenecks

Daily Mail - Science & tech

Tesla is pausing work on the Model 3 sedan yet again as it addresses kinks in its assembly line that are contributing to what CEO Elon Musk has called'production hell'. The electric car maker said late Monday that it's temporarily halting production for four or five days'to improve automation'. It marks the second time this year that Tesla has hit pause on production of the Model 3. Tesla announced on Monday that it's temporarily halting production of the Model 3 sedan as it addresses kinks in its assembly line. It's the second time Tesla has paused work on the car Tesla investors have grown increasingly concerned about the company's consistent failure to keep its promises on vehicle output. Shares of Tesla fell as much as 2% in pre-market trading on Tuesday and are down 6.9% so far this year.


Elon Musk tweets video of 'release candidate' Model 3

Daily Mail - Science & tech

It is one of the most highly anticipated cars ever released - and as Elon Musk has shown, it is almost ready to enter production. The Tesla and SpaceX founder delighted fans and those who put down $1,000 deposits for the model 3 by tweeting a video of what he claimed was a'release candidate' for the car. Production of the vehicle is expected to start'limited vehicle production' in July and to steadily ramp production to exceed 5,000 vehicles per week at some point in the fourth quarter before reaching its goal of 10,000 vehicles per week at some point in 2018. The Tesla and SpaceX founder delighted fans and those who put down $1,000 deposits for the model 3 by tweeting a video of what he claimed was a'release candidate' for the car. He also promised UK drivers they would not be forgotten, saying a right hand driver version will follow next year.


Tesla has made just 260 Model 3 cars

Daily Mail - Science & tech

Luxury electric vehicle maker Tesla said on Monday its deliveries rose 4.5 percent in the third quarter from the prior-year period, but said'production bottlenecks' had left the company behind its planned ramp-up for the new Model 3 mass-market sedan. Tesla said it delivered 26,150 vehicles in the third quarter, including 14,065 Model S vehicles and 11,865 Model X cars, up 17.7 percent from the second quarter of this year. The company, based in Palo Alto, California, delivered just 220 Model 3 sedans and produced 260 during the quarter. Tesla said on Monday its deliveries rose 4.5 percent in the third quarter from the prior-year period, but said'production bottlenecks' had left the company behind its planned ramp-up for the new Model 3 The first models of the 35,000 (£27,000) electric vehicle begin production this week. The five-seat sedan will travel 215 miles (133 kilometres) on a single charge.