Tesla increase Model 3 production
Optimising productivity has long been one of the primary goals of Elon Musk, as he strives to firmly establish Tesla as a powerhouse within the electric vehicle market. The Model 3 is the first ‘affordable’ car the company have released and the aim is have produced 55,000 units by the end of July.
“It’s really kind of a mind-blowing leap forward,” Mr Musk said on a call with financial analysts.
Tesla plan to open a new factory in China in the coming months, capable of turning out 250,000 a year.
Despite the giant strides forward the company has made over the past years, it is still running at a loss. Musk says the aim is to become profitable in the second half of the year.