Author: Carlo Ombello

Tesla’s production figures for the first quarter 2018 were released recently and provided great support to the company’s mission to accelerate the adoption of electric cars. Elon Musk’s company is under intense pressure as it strives to ramp up production of its first affordable car, the Model 3, which is seen as a game changer as it will appeal to a wide variety of customers, particularly with the forthcoming $35,000 base model.

Two weeks ago, Tesla revealed production numbers for Q1 2018 on its website. The much awaited news got analysts and media crunching numbers to obtain guidance on the company’s near term progress and longer term expectations. Among the most important news is the confirmation that despite difficulties, Model 3 production is finally ramping up quickly with almost 10,000 cars produced this quarter, 2,000 of which were just in the last week of March.