Tesla Says It Can Hit 5,000-a-Week Model 3 Target in Two Months

(Bloomberg) -- Tesla said it has overcome the battery bottleneck that botched its earlier Model 3 production goals. It sounds like it still hasn’t installed the automated line coming from Germany -- which is supposed to lower manufacturing costs. Even without that, it says it can get to 5,000 units a week in about two months.

But CEO Elon Musk offers a big caveat: "Although our prior experience has demonstrated the difficulty of accurately forecasting specific production rates at specific points in time because of the exponential nature of the ramp."

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To contact the reporters on this story: Gabrielle Coppola in New York at gcoppola@bloomberg.net, David Welch in Southfield at dwelch12@bloomberg.net.

To contact the editors responsible for this story: Anny Kuo at akuo1@bloomberg.net, Romaine Bostick

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