production Stories July 5, 2016

Today is the first trading day for Tesla’s (TSLA) stock after the automaker released its second quarter production and delivery results – missing its goals for both. The automaker confirmed missing its delivery guidance of 17,000 vehicles in Q2 with only 14,370 vehicles, while also missing its production guidance of 20,000 vehicles with only 18,345 vehicles.

The stock price fell sharply (over 4%) in pre-market. Now the first Wall Street analysts are commenting and adjusting their earnings prediction to account for the new information released by Tesla. expand full story

production Stories May 20, 2016

Reuters is out with a new report claiming that suppliers are “questioning” Tesla’s goal to significantly increase its production output for the Model 3. Reuters didn’t disclose the suppliers in question but some of the reporting came from the publication’s Seoul division in South Korea.

Since the unveiling of the Model 3, several reports from suppliers came out of South Korea, including a Reuters report about LG Display being selected to be “a sole supplier for the 15-plus inch center display of Model 3.” expand full story

production Stories May 5, 2016

Following Tesla’s announcement that it plans to double its total production output to 500,000 vehicles in 2018 and 1 million in 2020, Tesla CEO Elon Musk was asked by analysts how and where he plans to manufacture those vehicles.

While the company has been talking about plans to build more vehicle factories in Europe and China, Tesla’s Fremont factory remains its only full-fledged car manufacturing facility. Company officials have always referred to the Fremont plant’s total capacity to be around 500,000 cars per year once optimized, which is what Toyota and GM were producing when they owned the factory, until now. expand full story

production Stories May 4, 2016

Tesla’s stock price (TSLA) surged by 7% in after-hour trading after the release of its first quarter 2016 financial results. The reason for the surge wasn’t as much about its earnings, but because of its new Build Plan.

The automaker announced that it is advancing its 500,000 units per year guidance by two years to 2018. Tesla says that the new production plan is in reaction to the over 400,000 Model 3 reservations it received since the unveiling last month. expand full story

production Stories April 27, 2016

Earlier this month, Tesla confirmed that it is currently working on increasing its production plans to minimize the wait for the Model 3 following the storm of reservations it received for the $35,000 all-electric sedan – approaching 400,000 cars as of the latest update. The vehicles are set to be manufactured at Tesla’s main factory in Fremont, California.

While Tesla plans to manufacture about 90,000 vehicles in 2016, the company always refers to the Fremont plant’s total capacity to be around 500,000 cars per year once optimized, which is what Toyota and GM were producing when they owned the factory, and it also plans to add more manufacturing capacity in other regions. expand full story

production Stories April 22, 2016

Bjørn Nyland, a Tesla vlogger based in Norway, won a free Founders series Model X through Tesla’s referral program. The limited edition status of his car will make him one of the first owner in Europe and he now reports that his SUV finally entered production this week.

Several other European Model X reservation holders are now reporting having received confirmation that their vehicles entered the production phase this week. expand full story

production Stories April 7, 2016

In an email sent out last night (see below), Tesla confirmed that following the overwhelming number of Model 3 reservations it received, the company is currently “increasing its production plans to minimize the wait for Model 3” – something Elon Musk hinted Tesla was looking into after witnessing the long lines of people waiting at Tesla’s stores to reserve the $35,000 long-range all-electric vehicle. expand full story

production Stories April 4, 2016

Tesla’s wheels are generally recognized as a strength of the company’s designs and when Tesla unveiled the Model 3 last week, we weren’t disappointed by the prototype’s wheels. The automaker actually displayed a few new wheel designs during the event. expand full story

production Stories April 1, 2016

Tesla CEO Elon Musk confirmed tonight that the automaker has now over 232,000 reservations for its newly unveiled Model 3:

Musk has been updating the public on the Model 3 reservations tally which has blown past the most optimistic predictions. expand full story

production Stories March 30, 2016

Financial news publication Valuewalk published an article earlier this week titled: “Tesla Gigafactory To Get Delayed By Three Years“. The publication has since completely changed the headline to “Tesla Gigafactory construction ahead of schedule” after Tesla issued a statement stating that the battery factory is “ahead of schedule on both construction and production”. expand full story

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