Tesla has finally started to make a Model 3
Tesla had to go through "development hell" to build the Model 3, but now the car has helped the company set a new record: 4 billion dollars in revenue in the second quarter of 2018, it became aware of the reports made public Wednesday. Also reached another milestone: Model 3 Tesla brings a bit of money. The plan is to sell the more expensive version of the Tesla in the mass market, so the company is not dying, and it works.
Gross profit Model 3, the income measure, which the company extracts after production costs, in the second quarter was "slightly positive". This is despite the fact that production is actively increasing and Tesla has not yet delivered any of the expensive car AWD-versions. "This is a significant achievement for the Model 3," the company said.
Until recently, Tesla lost money on every Model 3, which is supplied. It is said that gross margin Model 3, "is to grow significantly" to about 15% in the third quarter and 20% in the fourth quarter, thanks to the "permanent reduction in production costs and an overall improvement." The purpose of mask is to "be profitable and increase cash flow on a quarterly basis." , That is expected to make Tesla from 50 000 to 55 000 Model 3 in Q3, which represents an increase from 75 to 92 percent compared to the second quarter. Deliveries will also begin to catch up with production, when stabilized delivery system. This is an allusion to the fact that the Model 3 are ready for shipment.
Now Tesla continues to produce "approximately" 5000 Model 3 a week - this objective is achieved at the end of June. By the end of August, the company will be released on production of 6,000 vehicles, and by early 2019 - 10 000. In the second quarter, the company produced 28,578 Model 3 and sent 18,449 of them.