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Tesla finally reached Elon Musk's production target for Model 3.
The company said Monday that it's not the same. it had produced 5,031 Model 3s last week. the second quarter.
Tesla also raised its production target for Model 3, its first mass-produced electric car. The company said it expects to make 6,000 a week by the end of next month.
Model 3 had missed two ambitious production targets, but Musk had promised investors that the company would produce 5,000 models 3 per week at this time of year.
"The last 12 months have been among the toughest in the history of Tesla, and we are incredibly proud of the entire Tesla team," said the company in the file. "It was not easy, but it was well worth it."
The filing comes after Musk tweeted Sunday night that the Tesla team had produced 7,000 cars in seven days. Tesla produced 1,913 Model S and Model X vehicles, the statement said.
Musk wrote to Tesla employees that Tesla had achieved his goals. "I think we just became a real car company …" he said in the memo.
Tesla did not immediately respond to a request for comment.
The promise of Musk was a major test for the company , and investors looking anxiously at the results of production. The stock of Tesla ( TSLA ) increased by 5% at the beginning of the day.
Related: Elon Musk vs. the World
Tesla has confirmed that he expects to make a profit in the third and fourth quarters. He has only reported two profitable quarters in eight years as a public company and is deeply indebted. The company is facing questions about its track record, and Musk has criticized critics in recent months.
Musk continued to insist that he would reach the target of 5,000 Model 3 a week, and that this would give the company enough sales and profits to render unnecessary the collection of more d & # 39; money.
CNNMoney (New York) First published on July 2, 2018: 7:41 AM
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