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Tesla Daily: Tesla News & Analysis

Update on Model 3 Production and Costs from Elon Musk (11.30.18)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tsla, Model3, Technology, News, Tesla, Investing, Tech News, Modely, Business, Models, Modelx

4.81.1K Ratings

🗓️ 30 November 2018

⏱️ 8 minutes

🧾️ Download transcript

Summary

– A leaked Elon Musk internal email reveals some details on Model 3 production rate and production costs

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Executive producer Jerome Jorden
Executive producer Rob Gill
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock

The post Update on Model 3 Production and Costs from Elon Musk (11.30.18) appeared first on TechCast Daily.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the Friday November 30th 2018 edition of Tesla Daily on

0:11.4

official Tesla Podcast.

0:13.2

My name is Rob Howard.

0:14.0

Today we are talking about an internal email

0:15.8

to the Tesla staff from Elon Musk.

0:18.2

Tesla stock on the day finishing up 2.73%

0:21.4

to $350.48 cents, as compared to the NASDAQ up 0.79%.

0:26.7

Okay, so some pretty significant news coming today from a leaked internal email from

0:30.6

Elon Musk regarding model three production.

0:33.2

We already knew from previous emails that this week Tesla was targeting for each subset of

0:38.4

model three production, a production rate of 50 units per hour, which works out to a daily production rate of 1,200 units,

0:45.6

but that is the production rate that Elon said that it would take for sustained 1,000

0:50.4

units per day production.

0:52.3

That of course would then equal 7,000 model 3s per week. So from

0:56.0

Elon's email today we have an update on Tesla's progress towards that milestone.

1:00.3

I'll read the email in full here. says quote congratulations to the teams who achieved the 1,000 model 3 per day target I know it wasn't easy

1:08.4

especially excellent work by paint at 1302 including SNX, in a single day.

1:15.0

If you're able to help in any way with getting Model 3 production to a steady 1,000 per day at excellent quality,

1:21.0

everyone at the company should please consider this their top priority.

1:26.4

Body production currently appears to be our limiting factor, so it needs the most support right now.

1:31.6

Please focus on simplification and reducing cycle time first

1:34.7

and then uptime. The second priority which will become number one after we

...

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