“Model 3 vehicle development is nearly complete as we approach the start of production. Release Candidate vehicles, built using production-intent tooling and processes, are being tested to assess fit and finish, to support vehicle software development and to ensure a smooth and predictable homologation process. Road testing is also underway to refine driving dynamics and ensure vehicle durability.
Simultaneously, preparations at our production facilities are on track to support the ramp of Model 3 production to 5,000 vehicles per week at some point in 2017, and to 10,000 vehicles per week at some point in 2018.
We recently powered on our newest Schuler press line, and have started the commissioning process. This will allow sufficient time to install and tune die sets ahead of volume production. Paint shop preparation has been completed and installations of our dedicated Model 3 body welding and general assembly lines are progressing well. Equipment installation is also underway for volume manufacturing of cells, modules, battery packs and drive units at Gigafactory 1. We are working closely with all Model 3 suppliers to ensure their readiness ahead of start of production.”
Pretty wild- the assumption is Tesla's investments make them the guaranteed de facto largest player in the American automobile 10-15 years from now. Otherwise, yeah, why would Tesla possibly be worth more than GM or Ford??I was just watching a news special on Tesla and, according to them, they have not had a single profitable year since they started. How they are worth more money than Ford is astounding to me seeing as they, apparently, are not making a dime. I guess they are financing everything through their stock sales?? How much longer can they afford to keep dumping money into this company without seeing a profit?? I've heard the Model 3 is supposed to be their make or break product, but admittedly, I am trying to get caught up on the company and EV stuff in general.
