In 2017 Tesla officially launched Model 3 at an event in Los Angeles, at that time Tesla CEO Elon Musk said the company could build half a million cars in 2018, 5,000 cars per week. Reportedly, the company missed the target by a small margin of producing 5000 cars a week, according to some sources. The last car rolled off Sunday morning while the deadline was of Midnight set by the CEO.
Musk said in an email to all employees, “Not only did we factory gate over 5000 Model 3’s, but we also achieved the S & X production target for a combined 7000 vehicle week!, What’s more, with the widespread productivity gains throughout Tesla and the new production lines spooling up, we are on track to reach 6K/week for Model 3 next month,” he also said, “I think we just became a real car company.”
Two of the factory workers disclose the information of completion of final vehicle, a Tesla employee also posted the picture of the celebration on Twitter. Tesla aim of producing the electric car is to provide a vehicle with no consumption of fuel which ultimately proves cheap for the customers. Musk was sure the electric vehicle will be widespread and adopted by the consumers but the path was not easy for the company because it missed the goals several times before.
Initially, Tesla declares of completing the target by the end of December of 5,000 vehicles per week but missed it with a large margin. Even after ramping up the production earlier this year, the first quarter goal of producing 2,500 cars a week also failed to hit. All eyes were on Tesla to see if the company could deliver since the production rate has increased and associated with the profitability of Automaker for the second half of the year.
The company will release the production levels and delivery numbers of the quarter in the coming days. Then the investors will deduce whether Tesla grows up the rate of production and increase efficiency to obtain profit.