Tesla CEO Elon Musk says a lot of things, kind of like our current POTUS. I take a lot of it with a grain of salt, because of experience. In the interest of keeping everyone informed, you should know that during a recent shareholder meeting, Musk dropped a few nuggets, like his distrust of motorcycles and how a SpaceX option package will be offered on the new Roadster. More importantly, he addressed the Model 3 production problems.
Yes, we’re talking about this topic, again. It’s unusual to see an automaker go from making luxury vehicles to more “mainstream” cars, although you could argue a fair amount of the Model 3s are actually luxury cars.
Anyway, Musk is saying Tesla will “quite likely” be churning out 5,000 Model 3 sedans by the end of June, per a Bloomberg report. With that production level, Tesla would supposedly start turning a profit. That would eliminate crazy stunts to generate capital, like selling overpriced flamethrowers or taking hundreds of thousands of deposits on a car you haven’t even figured out how to build.
The secret sauce to Model 3 production is a third production line. In the report, we learn that Tesla started building the third line about two weeks ago. Musk professionally stated the first cars going through the line are being built “crazy fast.”
A Shanghai factory is in the works, too, which would allow cars built here to be funneled to consumers in this hemisphere. And thus the Model 3 saga continues.