Elon Musk: “zero concern” Tesla will produce 10k cars / week by 2018 year end

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During Wednesday’s Q2 earnings call, Tesla CEO Elon Musk stated that their should be “zero concern that Tesla will achieve a 10,000/week production rate by end of next year.” This seriously solidifies TeslaÂ’s past production expectations.

Tesla expects to produce 1,500 Model 3s in Q3 along with an increase in Model S/X deliveries. The company also guided in the shareholder letter that they expect reach a 5,000/week run-rate by the end of 2017. Tesla has not given guidance for Model 3 sales in Q4, due to the number of variables associated with their S-curved production ramp of the Model 3.

Musk debuted the production ready Model 3 on June 28 and handed over the first 30 vehicles.

The expected 10,000/week production rate would max out the current capacity at TeslaÂ’s Fremont, CA facility. Musk had previously hinted that production could exceed production of 500,000 cars per year at the facility, with the help of automation and expansions at the factory.

Tesla’s Gigafactory 2 facility in upstate New York is expecting to put the Solar Roof tiles into production at the end of this year. Musk added, “Its going to really be a kickass facility,” when briefly discussing Gigafactory 2.

“This is the best I’ve ever felt about Tesla, to be frank,” Elon stated on the call.

 

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