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.
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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