Tesla finally hits Model 3 production target
Tesla essentially hit its elusive goal of producing 5,000 Model 3 electric cars in a week in the final week of its second quarter, Reuters reported. The final Model 3 sedan actually rolled off the assembly line a few hours after the midnight deadline on Sunday. Tesla CEO Elon Musk announced the landmark in an email to employees, and said he expected the company to reach 6,000 Model 3 sedans per week next month. "I think we just became a real car company," Musk wrote.
The Model 3 is Tesla's first mass-market vehicle, and ramping up production to a level necessary to make the mid-priced car successful is considered crucial to the company's future.