Thursday, 24 May, 2018

Tesla Inc (TSLA) Will Ramp Production Up To New Highs

Tesla to build 6,000 Model 3's per week till June-end Musk Tesla to push for 6000 Model 3 cars per week by end-June, Musk says
Heather Davidson | 19 April, 2018, 02:05

For starters, Tesla will move to a 24/7 production schedule for the Model 3, and Musk intends to bring in a lot more carbon-based lifeforms to assemble the vehicles.

"I can' t imagine that Tesla can reach an output of 5,000 cars per week until the end of June", said Frank Schwope, an analyst with NORD/LB. The company's CEO Elon Musk has acknowledged that excessive automation is partly to be blamed for the production bottlenecks.

Most US auto plants which are established automakers only operate with two eight hour shifts although a large cost of robots and other equipment are present in the auto assembly lines.

And until the company achieves its production goal of 5,000 units a week, many of those order holders who want to buy all-wheel-drive Model 3s or more affordable Model 3s with the shorter-range battery pack will be left waiting a while longer. Tesla ended up churning out 2,020 cars in the last seven days of the month of March, after Model 3 production progressed in fits and starts for most of the quarter, even experiencing a complete shutdown to solve "automation issues" for a period of several days.

"Please note that all areas of Tesla and our suppliers will be required to demonstrate a Model 3 capacity of ~6000/week by building 850 sets of vehicle parts in 24 hours no later than June 30th", Musk wrote in the email obtained by Jalopnik, adding that all Model 3 production at Fremont will move to 24/7 operations. Tesla's general assembly, body, and paint teams will all add a third shift and require more people.

Chief executive officer Elon Musk has told employees the electric-car maker will try to build 6,000 of the sedans a week by the end of June.

The company said the move was a planned production pause of up to five days. And then, once further work is done on the line in May, he added that manufacturing 6,000 Model 3s per week will become the new requirement. The Wall Street consensus is at $320.

In the "profit" section of the leaked email, Musk said that Tesla is now at a point in which it will strive to be profitable.

Analysts polled by Bloomberg expect Tesla to report a loss of $3.35 per share on revenue of $3.345 billion early next month.

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