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Is Tesla's Model 3 Production Finally Ramping Up? [Seeking Alpha]

TESLA INC (TSLA)  More Company Research Source: Seeking Alpha
Last tesla inc earnings: 2/7 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
PDF Summary Over the last two years, Tesla ( TSLA ) CEO & Chairman Elon Musk has painted many rosy pictures of how he will produce half a million cars a year by 2018 with a huge 25% profit margin while selling a $35,000 electric sedan for the masses. Just last year, he raised additional capital on the back of his bold claim of moving production of half a million Model 3 forward by two years and producing 100,000 to 200,000 Model 3 in the second half of 2017 alone. As we approach the end of 2017, I think it’s time we step back a little and check how far we still are from the Promised Land. Elon Musk in Tesla’s Q1 2016 earnings call: So as a rough guess, I would say we would aim to produce 100,000 to 200,000 Model 3s in the second half of next year. That’s my expectation right now. But as usual, Mr. Musk has moved his goal posts several times since then. Few months back, he promised 20,000 cars in this very month in a twitter exchange. Once it became clear it's nowher [Read more]

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