Tesla hits 3,000 cars a week in Berlin, Austin later than planned
Musk and Tesla often set ambitious targets, and the company is often late meeting them
Dan Ives: Tesla still owns the EV world, everyone else is paying rent
Wedbush Securities managing director Dan Ives reacts to Mercedes-Benz teaming up with Rivian to deliver electric commercial vans to Europe on 'The Claman Countdown.'
Tesla's German plant produced 3,000 cars last week for the first time, the carmaker tweeted late on Sunday - but the milestone was reached over two months later than planned in both Berlin and Austin, Texas, according to a memo seen by Reuters.
The memo, which Reuters reported on in September, projected 3,000 units in weekly output from the Gruenheide plant near Berlin in the first week of October and from Tesla's plant in Austin, Texas, in the first week of November.
Yet it took until last week for Tesla to post celebratory pictures on Twitter stating it had reached that target in both locations - last Thursday for Austin, and Sunday for Berlin.
A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, Aug. 30, 2022. (Reuters/Annegret Hilse/File Photo)
Tesla did not respond to requests for comment on the memo or the delay in hitting the 3,000-car output target in Berlin and Austin.
THIRD-LARGEST TESLA STOCK OWNER SAYS ELON MUSK SHOULD STEP DOWN AS CEO
Musk and Tesla often set ambitious targets, and the company is often late meeting them. In April, for instance, Musk had said Tesla could hit 60% growth in deliveries. By July, the company had walked that target back to 50% for this year.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA INC. | 357.09 | +11.93 | +3.46% |
The production plans seen by Reuters in September forecast that Tesla produces almost 495,000 Model Y and Models 3s - which together account for about 95% of Tesla's output - in the fourth quarter, blowing past projected growth in the global autos market.
Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, on March 22, 2022. | AP Newsroom
ELON MUSK SELLS $3.58B WORTH OF TESLA SHARES
Yet alongside the delays in Austin and Berlin, the carmaker has grappled since then with issues including elevated inventory in Shanghai, its most important production hub, where it plans to cut December output of the Model Y by over 20% from the previous month.
CLICK HERE TO GET THE FOX BUSINESS APP
Joerg Steinbach, the regional economy minister of Brandenburg, has said Tesla would be moving to three shifts at the plant by the end of the year to bump up output.