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| Tesla Releases Car Production Numbers | |
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| Tweet Topic Started: Apr 3 2018, 05:24 PM (76 Views) | |
| Webster | Apr 3 2018, 05:24 PM Post #1 |
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MatchDay Commentator
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note: main markets thread can be found here![]() (The Guardian) Just in: Electric carmaker Tesla has just released its latest eagerly-awaited production figures, which confirm rumours that it has missed some of its own targets. Tesla says it produced 34,494 vehicles in the last three months, 40% more than the final quarter of 2017. This makes January-March “by far the most productive quarter in Tesla history”, it says. This includes 9,766 Model 3s (Tesla’s new model), and 24,728 were Model S and Model X vehicles. Tesla also reveals that it has ramped up production recently -- amid reports that founder Elon Musk has taken personal control of car output in recent days (and even been sleeping at the factory). The company says: In the past seven days, Tesla produced 2,020 Model 3 vehicles. In the next seven days, we expect to produce 2,000 Model S and X vehicles and 2,000 Model 3 vehicles. It is a testament to the ability of the Tesla production team that Model 3 volume now exceeds Model S and Model X combined. What took our team five years for S/X, took only nine months for Model 3. However, Musk had previously aimed to produce 2,500 Tesla 3 cars each week by now. So Tesla hasn’t hit that goal yet. But crucially, it says it still aims to get production of the ‘3’ model up to 5,000 per week in ‘about’ three months. Shares are rallying in pre-market trading - up around 6% |
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Conversations 'Some people believe football is a matter of life and death, I am very disappointed with that attitude. I can assure you it is much, much more important than that.' - Bill Shankly, Liverpool F.C. | |
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| Webster | Apr 3 2018, 05:27 PM Post #2 |
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MatchDay Commentator
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--Tesla up 7% by doing the classic post-Easter, pre-market Resurrection Gambit - releasing hot production data just before the bell to burn the shorts. Maybe this IS a good day for Spotify to start trading. (Tero Kuittinen, Chief Strategist at Kuuhuub - 3 April 2018) --Bloomberg's Tesla Model 3 production tracker estimating down on weekly production and just missing Q1 target. Be interesting to see how close they are with their data modeling on the true numbers! (Phil Ryan, Brunswick Group - 3 April 2018) |
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Conversations 'Some people believe football is a matter of life and death, I am very disappointed with that attitude. I can assure you it is much, much more important than that.' - Bill Shankly, Liverpool F.C. | |
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