The information released by Reuters, last April 11, citing two unidentified sources, guaranteed that the Tesla Model Y it would come off the Fremont production line as of November 2019. Elon Musk denied such a hypothesis. This assured that “we are not going to start producing the Model Y next year. On the contrary, he would say that perhaps in 24 months from now… 2020 is a stronger possibility”.
also the production site will not be the Fremont factory , as Reuters put forward, which has already exhausted its capacity, with the expected increase in production of the Model 3.
Although there is still no defined production site, a decision that, the millionaire assures, will be taken, at the latest, in the last quarter of 2018, Elon Musk guaranteed, however, that the Tesla Model Y will constitute “a revolution in terms of production”.
Model 3 far below needs
In the same intervention, reproduced by Automotive News, the owner of Tesla also revealed that the manufacturer produced, in April, an average of 2270 Model 3 units per week . In other words, well below the 5000 units that would allow the company to have a positive cash flow.
According to figures already known, at the end of the first quarter of 2018, Tesla already had more than 450,000 reserves for this model, which has had, however, a manufacturing speed far below needs — Elon Musk does not comment on how many these reservations were canceled due to constant delays in the production line.
Losses are increasing
Tesla presented the results for the first quarter — January to March 2018 — which couldn't be more alarming: the losses were 785 million dollars , approximately 655 million euros, double the figure for the same period in 2017.
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This is despite an increase in billing figures to $3.4 billion and Musk's promise that Tesla will be profitable in the second half of 2018.