June 17, 2018
Company gearing up to hit target of 5,000 Model 3 cars a week
Elon Musk shows off new Tesla production line — and its in a tent
Elon Musk showed off Tesla Inc.’s newest production line in a weekend tweet as the electric-car company pushes toward its goal of making 5,000 Model 3 cars a week by the end of June.
The new production line is the third at Tesla’s Fremont, Calif., facility, and apparently was built in just three weeks in a tent-like structure next to the factory.
The new line is apparently rolling out dual-motor, high-performance Model 3s, a new version for $78,000 that the Tesla chief executive announced less than a month ago.
On Friday, Musk reportedly sent an email to staff congratulating them on their efforts, but said “radical improvements” still need to be made to reach their production goal. “All parts of the Model 3 production system are now above 500 [cars per day] and some are almost at 700 cars already,” Musk said in the email, which was obtained by CNBC.
Last Tuesday, Musk announced that Tesla would lay off about 9% of its workforce, though he said production jobs would not be affected. Over the next two days, Musk bought about $25 million in Tesla stock, according to an SEC filing.
After the layoffs, analysts at Consumer Edge said Model 3 production “is still the primary driver of upside to expectations and shares in 2018.”
Tesla shares TSLA, +0.13% have jumped almost 30% in the past month, and are up 15% year to date, compared to the S&P 500 SPX, -0.10% , which is up 2.5% in the past month and 4% this year.
Related Stories
Latest News
Top news around the world
Coronavirus Disease

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus.

Most people infected with the COVID-19 virus will experience mild to moderate respiratory illness and recover without requiring special treatment. Older people, and those with underlying medical problems like cardiovascular disease, diabetes, chronic respiratory disease, and cancer are more likely to develop serious illness.

Around the World

Celebrity News

> Latest News in Media

Watch It
Tekashi 6ix9ine Shoots Music Video After Release from House Arrest
August 02, 2020
VyVVV5Tg1EA
Montana Couple Married at Age 91, Signed a Prenup | TMZ
August 02, 2020
1sImDqNXfko
Donald Trump Suggests Presidential Election Should Be Delayed | TMZ
July 31, 2020
dueLNw16vkY
Chris Meloni talks 'Maxxx' and His Return to 'Law and Order'
July 30, 2020
ZFTDB-dwyUA
'The Fugitive' Star Boyd Holbrook Shares Why He Left 'Narcos' After 2 Seasons
July 30, 2020
2kTuD8LTGCE
'Umbrella Academy' Season 2 Finds The Hargreeves Navigating the 1960s
July 24, 2020
JdPgaIxmUKg
Nev Schulman still thinks about the woman who catfished him | Page Six Celebrity News
August 04, 2020
Oi59RxPGvdk
Hyram’s skincare tips for treating and preventing ‘maskne’ | Page Six Celebrity News
August 03, 2020
2n7_Pv0tUiM
Twitter is sounding off about who should replace Ellen DeGeneres | Page Six Celebrity News
August 03, 2020
y2jGkJoWow4
"Bachelorette" Twist, Highest Paid Star Per Word & Rob K. Dinner Date
August 04, 2020
biF86w64d-Y
Kristin Cavallari & Stephen Colletti's Cozy Reunion
August 04, 2020
64qJTbYkbaw
"Teen Mom" Star Kailyn Lowry Gives Birth to Baby No. 4 | E! News
August 04, 2020
xJb-qc1OIH8
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
02
Aug
ITALY: Serie A
Genoa - Verona
02
Aug
ITALY: Serie A
Bologna - Torino
02
Aug
ITALY: Serie A
Lecce - Parma
02
Aug
ITALY: Serie A
Sassuolo - Udinese
01
Aug
ITALY: Serie A
Juventus - Roma
01
Aug
ITALY: Serie A
AC Milan - Cagliari
01
Aug
ITALY: Serie A
Napoli - Lazio
01
Aug
ITALY: Serie A
Atalanta - Inter Milan
29
Jul
ITALY: Serie A
Torino - Roma
29
Jul
ITALY: Serie A
Cagliari - Juventus
29
Jul
ITALY: Serie A
Sampdoria - AC Milan
28
Jul
ITALY: Serie A
Inter Milan - Napoli
26
Jul
ENGLAND: Premier League
Manchester City - Norwich City
26
Jul
ENGLAND: Premier League
Arsenal - Watford
26
Jul
ENGLAND: Premier League
Leicester City - Manchester United
26
Jul
ITALY: Serie A
Juventus - Sampdoria
26
Jul
ENGLAND: Premier League
Chelsea - Wolves
26
Jul
ENGLAND: Premier League
Newcastle United - Liverpool
26
Jul
ENGLAND: Premier League
Crystal Palace - Tottenham Hotspur
26
Jul
ITALY: Serie A
Roma - Fiorentina
25
Jul
ITALY: Serie A
Napoli - Sassuolo
25
Jul
ITALY: Serie A
Genoa - Inter Milan
24
Jul
ITALY: Serie A
AC Milan - Atalanta
23
Jul
ITALY: Serie A
Udinese - Juventus
22
Jul
ENGLAND: Premier League
Liverpool - Chelsea
22
Jul
ENGLAND: Premier League
Manchester United - West Ham United
22
Jul
ITALY: Serie A
Inter Milan - Fiorentina
22
Jul
ITALY: Serie A
Spal - Roma
22
Jul
ITALY: Serie A
Parma - Napoli
21
Jul
ITALY: Serie A
Sassuolo - AC Milan
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
-g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k tudKp5Vhs3k iwWHibhssSo kQr0XHPbICM
Copyright © 2020 Feedimo. All Rights Reserved.