Tesla has pledged to hit a production target of 5,000 Model 3s every week by the end of 2017 and even plans to increase that to 10,000 a week at some point in 2018. While a massive increase over its traditional production levels, it will be necessary, as Tesla has taken deposits for several hundred thousand Model 3s, on top of its trickle of sales for its more expensive models.
When Tesla debuted its Model 3, no one was quite sure how successful the much-more-affordable electric car would be. Priced at $35,000 before government subsidies, the car saw a massive interest from the public, with hundreds waiting in line to put their orders in at various Tesla stores. In the end, over 325,000 were ordered within the first week. The only problem though, is that up until that point Tesla had only shipped 50,000 cars in the entirety of 2015.
With a close of 2017 launch date for the Model 3, Tesla had its work cut out for it, which is why it?s been ramping up production since. It shipped close to 25,000 cars in the third quarter of 2016 alone, but will need to go further if it wants to not keep Model 3 customers waiting.
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