Tesla nearly triples Model 3 production from the previous quarter

Enlarge / Tesla workers celebrate a record production quarter. (credit: Tesla)

Tesla on Monday touted record second quarter production numbers for the Model 3 alongside continued strong output of the more expensive Model S and Model X. For the final week of June, Tesla says it produced 5,031 Model 3 and 1,913 Model S and Model X vehicles.

That's in line with the goal the company set for itself at the start of the year to produce 5,000 Model 3 vehicles per week by the end of June. Tesla's stock is up about three percent in the wake of the announcement.

For the second calendar quarter, Tesla says it produced a total of 28,578 Model 3 cars-almost triple the 9,766 it produced in the first quarter and vastly more than it produced last year. Meanwhile, production of Model S and X vehicles were flat at 24,761, slightly higher than last quarter but below the 28,320 vehicles Tesla manufactured in the fourth quarter of 2017.

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