Tesla Model 3 Production Hits 60,000 And Counting

AUG 5 2018 BY MARK KANE 74

Tesla Model 3 cumulative production just exceeded 60,000, according to estimations by Bloomberg.

The latest 10,000 copies of the Model 3 were made within approximately two weeks since our report on production hitting 50,000. That means the average production rate is already steady above 5,000 a week.

The Tesla Model 3 Tracker indicates (as of August 5) 60,480 units produced and a production rate of 5,505 weekly.

As you can see below, with eight weeks to go for the third quarter, Tesla already produced more Model 3 than in the entire second quarter!

Separately, the number of VIN registrations exceed 89,000.

Production and deliveries of the Model 3 in previous quarters thus far:

  • 2017’Q3 – 260 produced, and 222 delivered
  • 2017’Q4 – 2,425 produced and 1,542 delivered
  • 2018’Q1 – 9,766 produced and 8,182 delivered
  • 2018’Q2 – 28,578 produced and 18,440 delivered
  • 2018’Q3 – already >19,450 produced

Tesla Model 3 Tracker (Source: Bloomberg)

Source: Tesla Model 3 Tracker

Categories: Tesla

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74 Comments on "Tesla Model 3 Production Hits 60,000 And Counting"

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SJC

100,000 for the year, Ford and GM make one million pickups each year.

Scott

Yes. Still a long way to go. But Tesla is now producing about 1000 cars per day.

realdb2

Ford has been around since 1903, Chevy since 1911. Tesla is not going to eclipse their production rates 1 year into Model 3 building.

Shaun

How many of those are electric?

Fteo

If only Tesla would get off their design butts and do pickups, then Ford and GM will really tremble!. It would be simpler to build pickups compared to sedans…and such huge margins too!….

CDAVIS

@Fteo said: “If only Tesla would get off their design butts and do pickups…”
————

Preliminary designs likely already done…

antrik

Considering that Elon asked for suggestions just a few weeks ago, I think they are still in the brainstorming phase.

If the timeline is as aggressive as for the Model 3, it would mean it should enter early production by late 2020, and deliver serious volumes by late 2021…

theflew

Actually pickups are a lot harder. They look simple but they have to still be aerodynamic enough. And the big issue is utility. If it can’t pull a trailer, boat, camper, jet ski more than 100 miles before you would have to charge to make the trip home then it’s going to be a no go for a lot of people. It’s like the Honda Ridgeline. It is/was a good vehicle, but got written off by a lot of people because it wasn’t “truck” enough.

Ocean Railroader

As a pick up truck owner a good pick up truck needs to carry a ton of blocks.

It also has to be able to go logging and have four wheel drive along with drive to a rural remote area where you are 200 miles from the nearest charger.

But if Tesla could build a pick up that doesn’t drink 13 miles a gallon of gas that would turn the world upside down.

Tesla should also look at planning out a huge SUV to wack the Suburban SVU market.

Will

Lol aerodynamics that’s funny for pickups

Pushmi-Pullyu
“It would be simpler to build pickups compared to sedans…” Possibly, but building them to actually serve the needs of the market will be a much harder challenge for an auto maker which makes nothing but BEVs. The biggest limitation of a BEV is how much energy it can carry onboard. That doesn’t merely limit range, it also puts severe restrictions on how much cargo a pickup can haul, and limits its towing ability. A Tesla Model X loses about half its range even towing a modest sized trailer. A pickup will be expected to do better at that. I don’t see any way for Tesla to counter that problem other than putting a huge battery pack into the pickup. Better aerodynamics on the truck will give it a better range when empty, but won’t help with hauling or towing a load. Now, all that said, Tesla might still find a market for pickups; the “suburban cowboy” market for those who don’t buy a pickup for any practical needs of hauling/towing or as a work vehicle, but just because they think it makes them look more “macho”. But will those who want a tough-looking daily driver because they think it… Read more »
Henry

Didn’t the detractors say the same thing about the Tesla Semi regarding its range and hauling capability ? The Semi has not been released, but I doubt that many people now dispute what it can do.

menorman

Tesla Semi is advertised at 300 or 500 miles of range, most trucks can do way more than that on a tank. Adding more tanks weighs less than adding more batteries.

Henry

Same argument against the Models S, X and 3 – their ranges are still shorter than most ICE cars – and look at where they are heading!
Tesla doesn’t need to convince ALL to convert, but they can do fine now with a smaller percentage while building the foundation for more to come.

Chris O

Doesn’t matter, if competitive $/mile is there fleet owners will flock to BEV trucks. Well, those who want to remain in business anyway.

Doggydogworld

Local fleets that don’t ever tow long distance is the BEV sweet spot. Dealers sell a lot of these utilitarian “white trucks”. Delivery vans are another large market. But Tesla does sexy and futuristic, not low cost utilitarian. Fleet buyers don’t want 3 second 0-60 and associated high insurance rates.

As for Tesla Semi, i believe the specs. History has taught us never to believe their schedule and pricing.

antrik

Since a pickup has poor aerodynamics and a lot of weight to begin with, adding a trailer will result in a much lower percentage range drop than with the Model X.

Of course that doesn’t change the fact that it needs a huge battery…

Robb Stark

Ford has never made a million F Series in a single year.
GM, combining Silverado & Sierra, are significantly behind Ford.

How many Lincoln MKZs does Ford make per year?
How many Cadillac ATS does GM make per year.

SJC

The point is car makers make more of one model than Tesla.
The Corolla has been selling for 40+ years and sells over 230,000 per year in the U.S.
and 500,000 per year world wide. Now THAT is production.

Gasbag

“The point is car makers make more of one model than Tesla.
The Corolla has been selling for 40+ years and sells over 200,000 per year.”

Corolla is poor choice to make your point then. 200,000 / 52 => 3,900 per week.
Less than 3,900 per week is less than the 5,000 per week Tesla made of one model as referenced in the article.

SJC

No, they are bursting then resting.
Toyota continues to produce more than 500,000 Corollas each year.

menorman

Not for long. Corolla buyers are about to bolt since Toyota refuses to bring plugs to anything but the PriPri.

Will

That’s 200k in America how about the other markets

Shaun

Somebody better tell Ferrari they are garbage because they don’t match the production numbers of Ford or Toyota. Pagani must be just about the worst car company in the world by that yardstick.

Kbm3

Wild. Model 3 Is already at that rate at over 2x the price.

Good point. What a coup!

theflew

Actually if you combine Chevy and GMC I think they make more trucks than Ford. Ford is the largest sell brand. But, GM is the largest selling company.

SJC

GM makes 700,000, Ford 800,000, the world production of light trucks by all makers is 2.6 million per year.
The point I am making is 100,000 Model 3s this year is not huge production.

Shaun

It is huge production growth, and that is the point of this article.

SJC

That means nothing to investors when they lost $700 million last quarter.

Shaun

Does it? The evidence seems to indicate the contrary.

menorman

They’re free to sell their stock and exit left.

Mil

Yet the investors moved the Tesla stock price by 16% following the Q2 earnings call.

Pushmi-Pullyu

For an auto maker with only a single auto assembly plant, this is a huge amount of production.

Ford has dozens of auto assembly plants worldwide, and I presume GM has even more.

Anders

Soo.. How long has Ford and GM made cars?

Djoni

But who care about those filthy poluting, albeit pratical thing for those you use it with purpose.

The aim is to keep going without devastating everything in sight.
Ford is doing nothing in this way, or put it another way, they just producing too much of a thing we have to get rid of!

Nothing!

Doggydogworld

897k F-Series in 2017.
804k GM full size
500k Ram

GM also sold 145k mid-size for 949k total pickups and the overall crown:

https://www.tfltruck.com/2018/01/2017-pickup-truck-usa-sales-war-summary-won/

Alan Campbell

One thing to remember with F-Series is that it is primarily a fleet/commercial vehicle. Meaning the high volume is necessary to absorb the fleet pricing required to maintain sales leadership against its competitors. Which means margin is lower on the fleet/commercial sales than on higher trim level/consumer sales. The high trim level/high priced versions of the F-Series are a small portion of actual sales.

Which brings up the price difference. The current Model 3 being produced has a base price of $49k, while the high volume fleet F-150 has a base price of $28k and reduced at the fleet rate. It’s a numbers game.

Then there is the fact that the production rate of Model 3 is tied to the production rate of a battery pack. Currently, Ford has been able to produce battery packs for an EV at about 200 per month with the highest production rate of any Ford Energi model being at 15k a year.

So comparing the Model 3 production and F-150 production does not actually work since what they both are making are both called ‘vehicles’ but they are as similar as a typewriter and computer. .

SJC

Then look at 500,000 Corollas per year, that is greater production than they will get out of Fremont.

Shaun

Look at Nostradamus over hear lol. Can I get next week’s Powerball numbers while you are blessing us with your gift?

Pushmi-Pullyu

Just because you haven’t the faintest idea what the maximum capacity of the Fremont assembly plant is, Shaun, doesn’t mean others are as clueless.

Shaun

LOL Pushmi, you like to argue so much you can’t even tell when someone is agreeing with you.

Anders

Are you one of the butthurt shorters?

Fremont is just the beginning.

magama52

Apple I phone is less than 15% of market worldwide. Tesla doesn’t need to sell a million cars a year, it’ll be better for the brand.

Mister G

Apple is worth a Trillion dollars OMG

Philip

One million electric pickups a year – you’re kidding surely!

/s

Adam

I am not kidding and don’t call me Shirley! 🙂

Kbm3

Push those goalposts, harder, harder!

Pushmi-Pullyu

I think the goalpost moving team is about to score an “own goal”. 😉

TheWay

How do you get 100,000 for the year? Tesla Model 3 has delivered 24,367 cars in Q1 and Q2. They expect to deliver 50k-55k in Q3. Are you saying that they will deliver only 25k in Q4? It will be a minimum of 125k Tesla Model 3 for the year, but more realistically it’ll be more like 140k-160k. On top of that another 100k of Model S and X.

Dan F.

Based on the rates they are (apparently) achieving it looks like it will be more like 150k this year. Then +/-300k in 2019. Then it will depend on ongoing demand. These are unprecedented numbers for EVs and it is unclear when ANY other manufacturer will even get close. Don’t belittle Tesla’s achievement.

rey

Do you have a timeline for when Ford and GM will be making 100000 EVs a year ?

Scott

1000 cars per day being produced by Tesla now. I estimate a gas car burns about 15000 liters over its life. Or roughly 100 barrels of oil. So daily Tesla production is displacing 100,000 barrels of oil.

mzs.112000

Based on that estimate, Tesla production displacing 100,000 barrels of oil per day, that works out to 36,500,000 barrels of oil displaced per year.
According to the US Energy Information Administration, the US uses 19.88 million barrels of oil per year as of 2017…
So, would that mean that Tesla yearly production is able to displace the entire United States oil production.
Of course, then again, I suppose the lifespan of a gasoline cars is ~20 years, so the theoretical oil displacement of a Tesla, and what it actually displaces in a single year are different.

scott

your math is off by a factor of 365. I estimated tesla daily production reduced total oil consumption by a total of 100,000 barrels. (not 100,000 barrels per day) (so about 0.5% of US consumption) but that’s not right either as you point out, because that’s over a 15-20 year lifetime of a car, so really it is reducing US oil consumption by max 0.03%. So sadly, a long way to go…

dathomir

Very nice! Would be interesting to see as a collective whole (all BEVs and PHEVs) how much total oil consumption we have reduced.

SJC

We burn 20 million barrels per day, that is over 7 billion per year.

Scott

True. There is a long long way to go.

SJC

A supertanker carries one million barrels, we dock 10 of those a day.

BoltEV (was SparkEV)

Thank you for the sanity check. Despite what EV goggles (like beer goggles) have one see, oil problem is enormous.

SJC

We should keep on going the right direction, but be realistic.

Pushmi-Pullyu

True, but: “A journey of a thousand miles begins with a single step.”

Ace

Well if Tesla grows at the volume it is growing, the displacement will be exponential.
in 2018 – 120 M gallons
in 2019 – 362 M gallons
in 2020 – 777 M gallons
in 2021 – 1,756 M gallons
in 2020 – 3,111 M gallons (50%)
and so on
Please note that the growth will be cumulative as last years savings will add to next years savings.

Mister G

GO TESLA GO DESTROY DIRTY GAS GUZZLERS AND DIESELS LOL CONNECT THE DOTS ON CLEAN AIR WAKE UP FOLKS

Marshall

I saw my first one yesterday. It still had the trip permit in the back window.

fasterthanonecanimagine

10080 per week (S+X+3) = 1 Tesla produced every minute will hopefully be celebrated. End of October?

Micke Larsson

One every third second in 2028?

Alan Campbell

I really wish they would update the Sales Scoreboard spreadsheet and separate the BEVs from the PHEVs, and offer totals for BEVs separate than the PHEVs at the bottom. Adding the full battery graphic is interesting, but if you visit this site, you know the difference between a BEV and a PHEV, the issue is that they are mixed up and the totals for BEVs are mixed in with the PHEVs.

For example, how many BEVs were sold in July? Yeah, we are looking at a spreadsheet, but we still have to grab the calculator and manually add them up. Seriously? When all it takes is adding one line to the totals at the bottom of the spreadsheet.

Best case would also have the BEVs in a separate section at the top of the spreadsheet followed by the PHEVs.

TheWay

They could just use a table javascript, there are many javascript tables that let you generate custom reports and filters without any extra programming. Even export to excel.

Ron M

You could just add up the BEV’s in your head and subtract them from the total.

Doggydogworld

41,229 produced in first 4 quarters
28,388 delivered
————
12,841 produced but not delivered by 6/30/18

11,166 of these were in transit to customers on 6/30/18, scheduled for July delivery. What about the other 1675? A few hundred might be showroom and engineering cars, but that still leaves ~1300 (3% of total production).

Does anyone know? Or even have an educated guess?

Mister G

I spoke with a tesla mobile service tech and he said there are many model 3’s in the Nevada desert that are collecting sun and that some model 3s are at service centers waiting for parts to be available. He also said that Elon Musk drives a special roadster in the central Florida area when space x launches rockets.

Ron M

Tesla an American manufacturer sells more than all other EV manufacturers in the USA combined. Tesla build EV’s, solar roofs, and storage batteries plus SpaceX launches satellites into space, resupplies the international space station and will soon be sending Astronauts to the ISS. Tesla is creating thousands of good paying jobs in the USA. Congressman buy your Tesla EV, solar roof and storage and support good paying jobs in the USA.

Mister G

MAKE AMERICA SMART AGAIN LOL CONNECT THE DOTS ON CLEAN AIR WAKE UP FOLKS THANKS CO2.EARTH

Ace

Well if Tesla grows at the volume it is growing, the displacement of oil will be exponential.
in 2018 – 120 M gallons
in 2019 – 362 M gallons
in 2020 – 777 M gallons
in 2021 – 1,756 M gallons
in 2020 – 3,111 M gallons ( around 50% of what the US consumes)
and so on
Please note that the growth will be cumulative as last years savings will add to next years savings. All numbers are estimates.