+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Elon Musk said he should have set more aggressive production goals for the Model 3

Jun 28, 2018, 23:30 IST

Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the International Space Station Research and Development Conference in Washington, U.S., July 19, 2017.Aaron P. Bernstein/Reuters

Advertisement
  • Tesla CEO Elon Musk said in an interview with The Wall Street Journal that he should have set more aggressive production timelines for the Model 3 sedan.
  • Tesla has missed its goal of making 5,000 Model 3s per week twice, but the company is on track to hit that goal by the end of June, Musk said during the company's annual shareholder meeting on June 5.
  • Musk told The Journal that some executives want to "externalize responsibility and say it was anything but their fault," and said he should have "constrained the time further" so that Tesla would be able to identify and fix production problems faster.


Tesla CEO Elon Musk said in an interview with The Wall Street Journal that he should have set more aggressive production timelines for the Model 3 sedan.

Musk argued for his decision to ignore the advice of his executives and, in May 2016, announce the company's intention to make up to 200,000 Model 3s before the end of 2017, The Journal reported. In July 2017, Musk said Tesla would make 20,000 Model 3s in December. Tesla made a total of 2,685 Model 3s in 2017.

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Musk told The Journal that some executives want to "externalize responsibility and say it was anything but their fault," and said he should have "constrained the time further" so that Tesla would be able to identify and fix production problems faster.

Tesla has missed its goal of making 5,000 Model 3s per week twice, but the company is on track to hit that goal by the end of June, Musk said during the company's annual shareholder meeting on June 5. Musk has attributed some of Tesla's production delays to an overreliance on automation.

Advertisement

The company has made about 30,000 Model 3s this year, according to internal documents reviewed by Business Insider and confirmed by two Tesla employees. A person familiar with Model 3 production told Business Insider that Tesla had made around 6,000 Model 3s this month, as of June 19.

NOW WATCH: A Nobel Prize-winning economist says 'non-competes' are keeping wages down for all workers

Next Article