Model 3 Electric Car production plans from Tesla Q1'16 Earnings Conference Call

Today we'll talk about Tesla first Quarter 2016 financial earning call and as usual we got some very interesting information from this morning’s call to find out if they were going to talk about the production plans for Model 3. And we have nothing but good news to announce. So to recap get a little bit of a blistering and go over the Tesla is expecting to increase their production ramp vehicles by 2018 instead of 2022 half a million cars. They were planning on doing that by 2020, but now it’s been increased to 2018. That includes Model S, Model X and Model 3. But the best majority of it will be Model 3.

Second tidbits of information, the Model 3 engineering prototype that we’re driven around at the reveal event, we’re running production drivetrains. I mean the battery pack and motors were finalized that was the real deal so we get more information about later on.

The other thing that they’re also said is that The model 3 final engineering will be finished in approximately 6-8 weeks from now, so everything is finalized the car as much as humanly possible.

Really suited to lean designs that means all the machinery to make the Model 3 and so it has to be finished in June 2016. So that leaves them 8 – 9 months to build out factory to get ready for production. They also said they have an internal production validation cars in April of 2017 round about if thing goes right. That is not start a real production. These are production prototype so you know testing the two of the machinery zone to validate the cars coming off the production line for real ramped up production. They also said they have a 1/7/2017 internal deadline for supplier parts that are finished and industrial production deadlines might be impossible but they have to hold their feet to the fire. Somebody has to be responsible for this so they have an internal deadline 1/7 to make sure that everything is finalized to start production.

I think really what it means is that they want to start production of these vehicles as soon as humanly possible so that they can start deliveries in volume by the end of 2017. They said if they’re able to hold all of these deadlines get everything all the places stuff, the Tesla will be capable of making a hundred thousand to 200,000 cars told by the second half of 2017. These are massive massive increases in production company. Hope they can pull it off.

Few other things too and I’ve said it before. Model 3 Electric car was a vehicle designed from the ground up to be relatively easy to manufacture. It’s not like the Model S electric vehicles were designed to work as opposed to being easily producers. Also this vehicle’s design right from the start to be easily made. So if they really get everything in place and they can pull this off. I think it’ll be good news for everybody be able to get vehicles intime. Again, we salute no when the EV federal tax credit situation limit of 200,000 cars comes into play. But I think Tesla was really trying to get that production ramped up as fast as possible. So that when they start delivering cars, they can get many out there offers many people be able to get that EV checks tax credit. Ready for everybody so far as well as good news so we’ll keep following this news and see what happens but very excited about this, I was hoping to talk with us today and certainly did so.