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>> It looks like there might finally be some good news for Tesla after a string of negative coverage over the manufacturing of its Model 3. The company now appears to have met its own deadline for second quarter production of the consumer-focused electric vehicle. Two sources at the company say CEO Elon Musk congratulated workers on meeting the target.
Reuters Salvador Rodriguez has been covering the story.>> Elon Musk, today emailed workers letting them know that they had achieved their goal of building 5,000 Model 3 vehicles in one week. This is an important milestone for the company, that shareholders have long been paying attention to as the Model 3 is the company's first affordable vehicle that is intended to be sold to mass audiences.
>> After repeatedly missing its own Model 3 targets, the company set itself a goal of 5,000 cars per week in January. Production of the Model 3 began last July and has been plagued by issues. Including over automation on the factory floor and other bottlenecks. Tesla workers say they have to burn the midnight oil to meet the targets with one worker describing the factory as quote pretty hectic.
Tesla is likely to announce production and the delivery numbers for the quarter later this week. It's news that the investors will be watching closely to see whether the company can really produce the Model 3 and at profit.