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Tesla produced 900 Model 3 cars per day this week: Elon Musk

Tesla Inc has on an average produced 900 Model 3 cars per day this week, bringing the company closer to its target of making 7,000 cars per week, according to an email from Chief Executive Officer Elon Musk to employees that was widely posted on social media and authenticated by a source familiar with the matter.

Musk also said the company was on track to top its record for quarterly deliveries of 90,700 cars set in the fourth quarter of last year.

Demand for Tesla’s Model 3 sedan and other cars has moved to the top of investors’ list of worries after the company reported slack first-quarter demand against a backdrop of U.S.-China trade tensions.

Tesla said in a statement that it periodically adjusts prices and available options like other car companies. The decreases offset price increases from a month ago when Tesla offered longer battery range and added a new drive system and suspension. The statement didn’t say if slowing sales influenced the decision.

Source: Reuters

India E-Mobility Show