Tesla hits Model 3 goals, plans to make 6,000 a week by end of August

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A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China. 

Tesla said in a second quarter earnings update on Wednesday that it has repeatedly produced 5,000 Model 3 electric sedans in a week. Previously, the company said it would have to hit a weekly run-rate of 5,000 Model 3’s to become profitable, long-term.

Tesla made 53,339 vehicles in the second quarter, delivering 22,319 Model S and Model X vehicles and 18,449 Model 3 vehicles to customers, totaling 40,768 deliveries, according to the earnings release.

Tesla said it aims to increase its weekly run-rate for Model 3s to 6,000 by late August while ironing out issues in its factories “selectively” to address bottlenecks, rather than building any additional production lines.

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