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

Tesla to push for 6000 Model 3 cars per week by end-June, Musk says

After the latest pause in production, Musk said Tesla should be able to churn out between 3,000 and 4,000 Model 3s per week, up from its previous output levels of just over 2,000. Tomorrow, it will stop work at Fremont, for three to five days.

According to stock analyst Jim Collins, Musk's leaked email raises more questions than it answers, including how another shift at Model 3 production lines will impact Tesla's costs, how an auto maker can manufacture cars 24/7, and what the core profit margin of the Model 3 is. "This means that we will be adding another shift to general assembly, body and paint".

Elon Musk recently used Twitter to admit "excessive automation" at Tesla factories were harming productivity, and contributing to the brand's widely-reported "production hell". Tesla is pressured on a host of fronts after a fatality in one of its vehicles using its Autopilot system, a downgrade by Moody's, and a public spat between Musk and safety regulators. A temporary shutdown that will allow Tesla "to improve automation and systematically address bottlenecks to increase production rates", according to USA Today. "To be precise, my mistake. humans are underrated".

"I have been disappointed to discover how many contractor companies are interwoven throughout Tesla", Musk writes in the email. "Last time I was here I actually slept, literally, on the floor because the couch is too narrow".

Earlier this month, after failing to hit many of Musk's 2017 goals, Tesla said it missed its first-quarter production target of 2,500 Model 3s per week.

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Sullins wrote on the fundraising page that if Musk does not accept the money, the funds will be donated to charity.

Only a man who juggles as many "rich guy" projects as Elon Musk could have an entire roundup dedicated to his musky-self - unfortunately, it can't all be good news.

Musk said that any department or supplier who can not achieve the projected goal needs to personally provide him with a "very good explanation why not, along with a plan for fixing the problem".

Shares of Tesla were up 5 points to US$293 in pre-market trading on Wednesday.

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