Tesla stops Model 3 production temporarily amid financial concerns

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

Elon Musk to Tesla Employees: Start Walking Out of Meetings and Cut the Jargon

Tesla has paused Model 3 production for up to five days, as it seeks to improve automation processes in its Fremont, California, factory. We reached out to Tesla about the email, but a representative declined to comment on it. Now, Musk is saying that the company will ramp production to 3,000 to 4,000 cars per week in May. A total of 34,494 vehicles were produced during the first quarter of 2018 taking all Tesla models into account - including 9,766 Model 3s alone, with the automaker delivering 8,180 Model 3 sedans, 11,730 Model S sedans and 10,070 Model X crossovers during this period.

Elon Musk, the CEO of Tesla, has come up with the idea of manufacturing Model 3 cars with a much higher rate than before to meet the company's production target.

Musk had admitted that "excessive automation" at the Tesla plant had contributed to what he calls "manufacturing hell" and had actually slowed down manufacturing of the crucial mass-market model.

Tesla Inc. (TSLA) will soon begin operating its assembly plant in California 24 hours a day, seven days a week to help meet its so far hard to achieve Model 3 sedan production goals.

Workaholic Tesla boss Elon Musk has been working under a lot of stress at work lately, pulling night shifts and sleeping in the office on a cold, cramped sofa.

The auto maker said the halt - the second since February - was to improve automation and systematically address bottlenecks to increase production, a regular move by vehicle companies.

According to Bernstein analysts, Tesla has not only automated stamping, painting and welding like most other manufacturers, but also tried to automate final assembly.

"Our Model 3 production plan includes periods of planned downtime in both Fremont and at the [battery] Gigafactory".

Although it's quite obvious that Musk can afford to replace his own furniture with his estimate $20 billion worth, Tesla fans are a dedicated bunch that often praise the founder for his drive to transform technology to run on sustainable energy rather than the more harmful fuels. The Wall Street consensus is at $320.

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