Elon Musk teases specifications for Tesla's Model 3, calling it 'amazing'

Elon Musk teases specifications for Tesla’s Model 3, calling it ‘amazing’

Elon Musk hinted on Saturday at engaged on new bells and whistles for the Model three, the automotive billed as Tesla’s ticket to mainstream auto manufacturing, however one which’s been dogged by a manufacturing backlog.

Musk tweet

Musk’s tease comes as a recent report suggested the Model 3 might take a manufacturing leap despite its well-publicized woes. Electric car blog Electrek, citing a leaked e-mail from Musk to staff, mentioned it was “quite likely” Tesla will make greater than 500 Model three automobiles per day this week.

If that prediction holds true, then Tesla might conceivably hit a weekly manufacturing price of 3500 automobiles per week. The firm is attempting to succeed in a manufacturing price of 5,000 Model three autos per week by the top of the quarter, however has needed to push again that timetable.

Tesla has struggled to ramp up manufacturing of the Model three, which is anticipated to catapult Tesla into the ranks of mainstream auto producers, as an alternative of a distinct segment purveyor of high-end roadsters.

Musk and his ambitions has come beneath withering scrutiny, heightened recently by a controversial earnings call through which the billionaire was overtly dismissive of analysts questions.

Last month, Musk boasted that Tesla could be money optimistic within the second half of this yr. However, a variety of outstanding Wall Street analysts have warned the corporate is going through a money crunch, and should have to faucet the market sooner reasonably than later.

Tesla’ inventory, which shed practically three % in Friday’s buying and selling session, is down greater than to 11 % yr thus far.

–CNBC’s Robert Ferris contributed to this story.

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