Hello and welcome to the Tuesday, May 8th, 2018,

edition of Tesla Daily Unofficial Tesla Podcast.

My name is Rob Mower.

Today we are talking about a couple of reports

from suppliers on Tesla Model 3 production.

Tesla stock on the day finished down 0.26% to $301.97% this compared to the NASDAQ up 0.02%

Before we get into the two reports that I wanted to cover today, I did want to preface that by saying

that we know that in the month of May Tesla is targeting to hit 3,000

to 4,000 model 3s per week. We know that because of Elon's April 17th

email to employees where he said quote starting today a giga and tomorrow at Fremont, we will be stopping for

three to five days to do a comprehensive set of upgrades.

This should set us up for model three production of 3,000 to 4,000 per week next next month. End quote.

Strictly from this quote, we're not able to determine whether or not Tesla would be targeting

to average 3,000 to 4,000 per week for the entire month of May, or if they would be trying

to hit a 3,000 to 4,000 week production rate in one of the weeks of May.

I think at first glance most people would interpret it as being more towards an average type of rate versus a one week rate. It's clear that they would be

referring to a sustained rate, but going back and reading the quote again, I don't think it's fair to completely

assume that that would be a targeted sustained rate for the entire month of

May. Looking at the pieces of the statement, Elon says that they'll be taking production down for three to five

days and remember this was on April 17th so the most

generous interpretation of that would be five days and assuming they didn't work

that Saturday or Sunday which we know is probably not the case but that would put the

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