The company has hit its weekly production target but has only fulfilled six percent of reservations. After hitting a critical Model 3 production milestone of 5,000 units in a week, Tesla has shed more light on its output forecast and reservation backlog.Model 3 production nearly tripled from Q1 to Q2, totaling 28,578 units from April through June. The company has now delivered 28,386 Model 3 vehicles to date, representing just six percent of reservations.It would take more than 18 months to fulfill the backlog of 420,000 reservations at the current 5,000/wk rate. Tesla plans to continue ramping up Model 3 output volume, however, with a forecasted increase to 6,000/wk by late next month."When we start to provide customers an opportunity to see and test drive the car at their local store, we expect that our orders will grow faster than our production rate," the company wrote in a press release for investors.Despite reaching the 5,000-unit target, Tesla is still under pressure to … [Read more...] about Tesla Model 3 reservation backlog stands at 420,000 units
Model 3 tesla release date
2018 Tesla Model S Redesign – The latest 2018 Tesla Model S comes with a facelift. however don’t get your hopes up simply however because it is pretty minor and not such a lot exciting mutually would hope it’d be. It will give a totally redesigned front that sees some nice new additions and updates. There are getting to be spanking new models, just like the 60 and 60D, that are cheaper versions of the Model S automobile. When Tesla discontinued the Roadster they introduced the Model S vehicle. very little did they apprehend that the automobile would spark to be one in all its highest sellers and a vehicle which might inspire models just like the Model X and also the forthcoming Tesla Model three. the initial sedan came with solely a rear-wheel drive and a spread of 265 miles, that facilitate it set the quality within the phase. Even currently the Tesla Model S is taken into account mutually of the simplest all-electric model you’ll realize. During the past few … [Read more...] about 2018 Tesla Model S Redesign Review, Release date
Tesla has used its annual shareholder meeting to release a new teaser image of the upcoming Model Y crossover. Set to share many of its parts with the Model 3 sedan, the Model Y will essentially be a smaller version of the Model X and aim to become the most affordable, all-electric crossover on the market. This latest teaser image, as with one published last year, shows that the Model Y will adopt a familiar Tesla look and make do without conventional wing mirrors. Additionally, we can see that the crossover will have a more upright and pronounced front fascia than current Tesla models. A very short front overhang is also visible alongside large wheels. Tesla better prepare for hundreds of thousands of orders. During the shareholders meeting, Tesla chief executive Elon Musk committed to a March 2019 reveal date for the Model Y. The automaker won’t build the Y at its current Fremont factory and instead construct it elsewhere, potentially alongside the Tesla Semi and new Tesla … [Read more...] about Tesla Releases New Teaser Of Upcoming Model Y
Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know. 1st Gear: Tesla Shareholder Meeting Today Tesla hasn’t enjoyed any sort of calm for the better part of a year, and now its shareholders are getting together for an annual meeting to weigh in on a few things. Namely, how the production of the Model 3 sedan is going, according to Bloomberg: The annual meeting usually functions as a chance for some of Musk’s most adoring devotees to bounce ideas off the chief executive officer and pick his brain. But before a Q&A, the electric-car maker will have to deal with orders of business relating to corporate governance. An activist group has mounted a campaign against several members of the board, while an individual retail investor is pushing for someone other than Musk to be chairman. Model 3 production hasn’t gone smoothly, and some activist … [Read more...] about Tesla’s Investors Will Seek Answers On Model 3 Production Today
2017 Tesla Model 3 "first production" car, in photo tweeted by Elon Musk on July 9, 2017Enlarge PhotoTesla reported Tuesday that it built 34,494 electric cars in the first quarter of 2018, by far its largest quarterly production total ever. But all eyes were on one number: the production of Model 3 sedans, which was 9,766 vehicles out of that total. Of the rest, 11,730 were Model S hatchback sedans and 10,070 were Model X crossover utility vehicles. DON'T MISS: 2018 Tesla Model 3 Long Range: first drive review of 310-mile electric car For more than eight months after the first Model 3 cars were delivered to buyers at the end of July 2017, Tesla has struggled to get Model 3 production rates up to the numbers promised by CEO Elon Musk. In July, he tweeted that the company would be building 2,500 cars a week by the end of September and 5,000 a week by December 31. Then "production hell" intervened, likely due to the company's very short development cycle and its risky decision to forgo … [Read more...] about Tesla Model 3 production crossed 2,000 last week; is it sustainable?