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Tesla nearly produced 5,000 model 3 electric sedans in the last week of its second quarter. The last car left the assembly line Sunday morning, several hours after the midnight goal set by general manager Elon Musk. The factory told Reuters.
The 5,000th car completed final quality checks at the Fremont, Calif. Plant, and was ready to depart around 5 am (12:00 pm GMT), said one person. It was not clear if Tesla could maintain this level of production for a longer period.
Tesla did not immediately respond to a request for comment.
Tesla's goal was to produce 5,000 Model 3s a week before closing last Saturday, the second quarter showed that he could mass-produce the battery-powered sedan.
Tesla, who loses money, burned cash to produce Model 3, and delays have potentially compromised Tesla's leading position in the market. a long-range, mid-priced electric car battery as a host of competitors is preparing to launch competing vehicles.
The production of Model 3 has been plagued by a number of problems, including problems with automation dependence. By the end of the quarter, Musk spurred the workers, built a new assembly line in a huge tent outside the main plant and fanned expectations that Tesla could reach his target, including including assembly lines. He tweeted pictures of rows of auto parts and robots during the last days of the quarter.
"It was very hectic," said a worker who described the atmosphere as "all hands on the bridge". the 5000th car has been described as a "mass festival".
Tesla is expected to announce production and delivery numbers for the quarter later this week, and investors will monitor whether the company can continue The company is making regular "bursts", temporary production periods as fast as possible, which she uses to estimate how many cars she is able to build over longer periods of time.
Barclays analyst Brian Johnson warned investors in March to be wary of the brief "bursts" of model 3 production that were not sustainable.
Tesla reported in May that its net bookings of model 3 – accounting for new orders and cancellations – exceeded 450,000 at the end of the first quarter
Although model 3 is considered a $ 35,000 vehicle, Tesla has not yet started building this basic version and is currently building a more expensive version. The number of orders for higher priced versions is not clear.
In January, Tesla pushed back its deadline for the construction of 5,000 vehicles a week until the end of the second quarter. some investors.
Constant progress has excited others, however, and the market value of Tesla is close to that of General Motors. The company said it would not need to increase its cash this year.
June was turbulent for Tesla. It laid off 9% of its workforce, suffered at least two fires at its Fremont, Calif. Plant, and accused a former employee of sabotaging for speaking to the media. The ex-worker claims that he is a whistleblower.
In early June, Musk said it was "very likely" that Tesla could deliver 5,000 models 3 per week by the end of the quarter. At the time, Tesla was producing 3,500 vehicles a week, he said. At the end of June, workers told Reuters that the company was building less than its weekly target of 5,000.
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