Arthur J. Villasanta – Fourth Estate Contributor
Palo Alto, CA, United States (4E) – Tesla, Inc announced the production of its 100,000th Model 3 on Oct. 13 and said it’s also making 5,000 of this all-electric, four-door sedan every week.
The 100,000 milestone comes only a year after Tesla began producing this machine. Analysts said this impressive production total is much better than that for its Model S and Model X. It’s also faster than any electric vehicle (EV) model in history.
In the third quarter, Tesla produced 53,239 Model 3 sedans, said the company on Oct. 2. Tesla produced only 28,578 were Model 3s in the second quarter out of its total vehicle output of 53,339. This shows Tesla managed to almost double its Model 3 production rate. Tesla delivered 55,840 Model 3s in the third quarter.
While impressive, the Q3 production jump for the Model 3 means Tesla is only producing 4,100 Model 3 sedans per week. This total is far lower than the 5,031 cars Tesla produced in the final week of Q2. It’s also a long ways off from the 10,000 weekly total Tesla wanted to achieve some time this year. Tesla, however, did produce 5,300 Model 3s in the final week of Q3.
Tesla started Q3 strong with the production of over 11,500 vehicles, including about 7,400 Model 3s in the first 11 days. That’s over 1,000 vehicles per day. Surprisingly, Tesla was able to maintain its average production rate from the third quarter to early in the fourth quarter. The result was the 100,000th Model 3 on Oct 13.
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