Tesla close to hitting a key Model 3 production goal — but Elon Musk says the the process has been 'hellish' (TSLA)

Joe Skipper/Reuters

• Tesla expects to make 5,000 of its Model 3 cars in a week by the end of this month, company CEO Elon Musk said Tuesday.
• That's a key production target; the company, which is losing huge amounts of money, has said it won't generate income until it hits that level.
• The process of ramping up Model 3 production has been "hellish," Musk said.

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Tesla is getting close to hitting a key production target, company CEO Elon Musk said at the electric car maker's annual shareholder meeting on Tuesday.

After making improvements to the manufacturing lines that are building its Model 3 car, Tesla is ramping up production of the new mid-size car, Musk said. The company has already demonstrated the ability to make 500 cars a day, or 3,500 a week, and should able to boost production even further in coming weeks.

See the rest of the story at Business Insider

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