Tesla appears to be closing in on its goal of producing 5,000 units of Model 3 cars per week. The Silicon Valley superhero team just unveiled a third production line, apparently assembled in a mere three weeks in a lightweight aluminum structure next to the Fremont factory. [Editor’s note: The structure has been widely described as a “tent,” or “temporary,” but as a couple of readers have pointed out, there are examples of such structures that have been in service for many years.]
“Amazing work by Tesla team,” tweeted Elon Musk. “Built entire new general assembly line in 3 weeks w minimal resources.” He included a shot of the first Model 3 dual-motor performance model coming off the line.
Amazing work by Tesla team. Built entire new general assembly line in 3 weeks w minimal resources. Love u guys so much! Pic of 1st Model 3 dual motor performance coming off the line … pic.twitter.com/Xr55P3fmGd
— Elon Musk (@elonmusk) June 16, 2018
Last week, Musk congratulated Tesla employees in an email, but said “radical improvements” were still needed to reach the company’s production goals. “All parts of the Model 3 production system are now above 500 [units per day] and some are almost at 700 cars already,” said Musk (via CNBC).
Wall Street loves the latest production news – Tesla’s stock continued its steady climb, utterly ignoring a sensational video of a Model S fire that appeared over the weekend. (History repeats itself department: TSLA soared in 2012 as the market realized that Model S would soon be in production, and again in 2017 as it became apparent that Tesla would launch Model 3 more or less on time.)
The Tesla-hatin’ trolls went into overdrive, tweeting that the new assembly line was “a fake mock-up,” and that Musk’s snapshot was “Photoshopped.” Equating the trolls with the poor, long-suffering short sellers, Electrek’s Fred Lambert asked Musk to elaborate. However, all the Iron Man had to say was: “They have about three weeks before their short position explodes.”