Here's everything Tesla is working on right now (TSLA)

Elon Musk

Tesla CEO Elon Musk could be considered an overachiever.

Even that is putting it lightly; after all, this is the same serial entrepreneur who wants to build a new civilization on Mars. When it comes to Musk, even the sky isn't the limit.

We decided to round up everything Musk has planned for Tesla so we can keep track of his progress. Scroll down for a closer look:

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Tesla wants to build 500,000 cars per year by 2018 and one million cars per year by 2020.

We can't emphasize enough what a lofty target this is for Tesla. The electric car maker struggled with production of both the Model X and Model S, resulting in delivery delays. Tesla will have to execute on production of its legacy luxury cars while ramping up production for its new Model 3.

Musk originally planned to reach the 500,000-vehicle target in 2020, but bumped it up two years when Tesla witnessed the high demand for the Model 3. We'll have to see whether Tesla can overcome its previous production woes and finally become a mass carmaker.



That brings us to the Model 3. Tesla plans to exponentially ramp up production for the new sedan, from 1,500 cars per month in September to 20,000 per month in December.

Musk has openly said that the company will experience "production hell" to churn the cars out on that scale. The Model 3 is Tesla's first mass-market vehicle, making this production cycle the most important one yet.

Tesla will be testing a new production strategy for the Model 3 that some pro-union workers say could lead to issues down the line. We'll keep an eye out to see if Tesla is on track with its goals once September ends.



Build the "machine that makes the machine."

Tesla needs to seriously automate its factory if it wants to achieve its lofty production goals. That's why Musk said he plans to "turn the factory itself into a product." Tesla plans to speed up the assembly lines by 5 or 10 fold in 2018.



See the rest of the story at Business Insider


Contributer : Tech Insider http://ift.tt/2gSPHQq
Here's everything Tesla is working on right now (TSLA) Here's everything Tesla is working on right now (TSLA) Reviewed by mimisabreena on Saturday, September 09, 2017 Rating: 5

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