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Model 3 spot production rate at end of 2018?
Tesla has been plagued with many problems, from consistent financial losses to April fools jokes from its CEO that must have seemed a little tasteless to some investors. Yet, given that the company's future depends on the launch of the model 3, the company's biggest problem by far must be the sluggish Model 3 production pace.
Bloomberg has built a very nice weekly production spot rate estimator. As of the writing of the this question the weekly spot rate is estimated at 2673 Model 3s. Elon Musk has previously promised to reach a yearly spot rate of 500,000 by the end of 2018, which would be equivalent to 9615 cars per week. More recently, he has promised to build 6000 Model 3s per week by the end of June, something he claims would put even the lower error bar of production at 5000 cars per week.
Yet, we must also not forget that Musk also promised to build 5000 Model 3s per week by the end of 2017 earlier that year and that Musk's timeframes tend to be extremely optimistic to say the least.
It is asked:What will the estimated weekly production rate displayed by Bloomberg's tracker on the 31st of December 2018?
If the Bloomberg Model 3 tracker no longer exists on the 31st of December 2018, numbers for resolution shall be taken from Tesla's 4th quarter report. In that case resolution will have to be delayed until that report is released.
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