Company produced 34,494 vehicles in first three months of 2018, including 9766 of its entry-level model

Tesla said it increased production by 40% in the first three months of 2018 – a rate of growth that it claims “will exceed even that of Ford and the Model T”.

The company had been struggling with ‘production bottlenecks’ for the new Model 3 and briefly halted production of the car in February to fix automation issues at its California facility.

In a statement, Tesla said that it produced 34,494 vehicles in the first quarter of 2018, comprising 24,728 Model S and X cars, plus 9766 Model 3s. That compares with a total of 29,870 vehicles (including 1550 Model 3s) in the final three months of 2017

Tesla said: “This is the fastest growth of any automotive company in the modern era. If this rate of growth continues, it will exceed even that of Ford and the Model T.”

The firm said a series of short shutdowns had enabled it to address production and supply chain bottlenecks, allowing it to increase Model 3 production “exponentially”.

According to Tesla, it produced more than 2000 Models 3s in the past week, with production of that model now exceeding the combined output of the Model S and Model X. The company added: “What took our team five years for S/X took only nine months for Model 3.”

Analysis: Will the Model 3 make or break Tesla?

Tesla said it is planning further steps to improve capacity and, as a result, anticipates Model 3 production to increase “rapidly” in the next three months towards its target of 5000 per week.

The company also responded to concerns about the Model 3's quality. It said: “The quality of Model 3 coming out of production is at the highest level we have seen across all our products. This is reflected in the overwhelming delight expressed by our customers with their Model 3s.”

Tesla added that customer reservations remained stable throughout the last quarter.

Shares in Tesla rose by around 3% following the statement.

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Comments
13

4 April 2018

...translates as bollocks.

Mondeo mk4

5 April 2018

It's such an absurd claim you wonder why anyone would make it.

4 April 2018
The most obnoxious, boastful, bullshitting company on earth.

4 April 2018

...are up past their bedtime tonight I see.

typos1 - Just can’t respect opinion

5 April 2018

Adoring fan boys that think the company is beyond criticism are up late too.

XXXX just went POP.

5 April 2018
typos1 wrote:

Adoring fan boys that think the company is beyond criticism are up late too.

Not an adoring fan at all, or a troll like yourself of course.

typos1 - Just can’t respect opinion

4 April 2018
Good to see a feel good story in Autocar about Tesla following a series of doom and gloom stories. Tesla is still some way off its production targets. But cut it some slack. Will you guys? It's a decade old company stop comparing it with companies older than Hitler. Nor does Tesla gas anyone.

5 April 2018

Compliments make you a fanboy according to typos1.

typos1 - Just can’t respect opinion

4 April 2018

It's got to be good that Tela is succeeding, we will all benefit from the greater competition and innovation that they bring by forcing the old guard to sit up and take notice, whether you're a fan of electric cars or not.

5 April 2018

Yes, arogant marketing and boring styling aside, it is good, but the old guard have sat up and took notice years ago. Personally, I m a car fan be they petrol, diesel, electric or anything else powered.

XXXX just went POP.

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