Tesla stock initially jumped, then retreated Monday after the maker of electric vehicles said it hit the target for Model 3 production that Chief Executive Elon Musk said was critical for the company to reach profitability. They reported the 5,000th auto rolled out of the Fremont, California, factory at about 5 a.m. local time on Sunday morning, so merely five hours late. It was not clear if Tesla could maintain that level of production for a longer period.
The Model 3 had missed two ambitious production targets, but Musk had promised investors that the company would make 5,000 Model 3s per week by about this time of year. "7000 cars, circa 4 hours (heart) Ford Team (heart)" Armstrong wrote on his verified Twitter account, parodying a similar tweet from Musk about Tesla's weekly output. Model 3 production, which reached a total of 28,578 units, also exceeded the combined Model S and X production of 24,761 vehicles during Q2 2018.
Tesla confirmed the contents of the email.
Now, after producing 5,031 Model 3s in the past seven days, the company is raising its production goals for its cheapest vehicle yet - considered key to its future - to 6,000 a week.
One Tesla worker told Reuters that to hit the 5,000-a-week target, staff from other departments were drafted onto the Model 3 production line and breaks were staggered to keep it constantly running.
Musk - who turned 47 last week - has certainly pulled out all the stops to meet this latest Model 3 deadline, including building a new assembly line in a huge tent outside the main factory. "Whatever. It worked", he said.
Another worker speaking after the 5,000th auto was made described the factory as a "mass celebration". That brings total Q2 production to 53,339 vehicles, a 55 percent increase over the first quarter, and marks the company's most productive quarter to date.
Shares surged more than 5% when news of the production milestone crossed.
Hitting the target is another against-all-odds achievement for Musk, who first revealed the Model 3 in late 2016. Despite being lauded as Tesla's mass market electric auto costing $35,000, the cheapest models have yet to be produced. Monday's news pleased investors, with the stock up 5%.
Injury-time goals from Kim Young-gwon and Spurs striker Son Heung-min were enough to send the Germans packing. This was South Korea's first win at the 2018 World Cup after losing 1-0 to Sweden and falling 2-1 to Mexico .
The Mexican midfielder now plays for La Liga side Real Betis as of 2017 after a move from Dutch football club PSV Eindhoven. The first match between the two teams ended 1-1, before the Swiss prevailed 4-2 in a replay and made the quarter-finals.
In addition, in another scene, Wilder depicts white men wearing blackface for the entertainment of others - including her father. But she also says your average 8-year-old shouldn't have to read the " Little House " books without some background.
In a shocking incident, bodies of seven women and four men were found in a house in Delhi's Burari area on Sunday morning. The police are looking to ascertain if it is a case of mass suicide or the bodies were hanged after being killed.
It was another match where Brazil created lots of chances, but they weren't particularly clinical in front of goal. Serbia will face off against Brazil at Spartak Stadium-Otkritie Arena in Moscow on Wednesday, June 27 at 2 p.m.
The report suggests all three new products will land in 2019, with two potentially launching in the first half of next year. In addition, the company is working on wireless case charger headphone that will be compatible with the charger AirPower .
The statement reported by Saudi media did not mention any intention by Saudi Arabia to raise production by 2 million bpd. FGE, an energy consultancy, said in its June newsletter that the U.S. is determined to "push Iran's exports to zero".
He is the last Argentinean player to score against France , back in February 2009 in a friendly (2-0). The opening match of the knockout stage of the 2018 World Cup will kick off in spectacular fashion.
The owner, Barronelle Stutzman , had regularly provided flowers for the couple, but refused to arrange flowers for their wedding. It did not address generally whether businesses can decline services to same-sex weddings because of religious beliefs.
Other believe that Epic Games are sticking to just one map, and will instead make further changes to what already exists. "We're sorry we haven't been able to get you in the LTM, and we know waiting is the worst".
Caroline Wozniacki , John McEnroe and USTA president Katrina Adams have spoken out in support of Williams. Wimbledon doesn't start until July 2, but new mom Serena Williams has already scored a victory.
The news comes just weeks after the French Open came under fire for how it handled the ranking of Serena Williams . Under current WTA rules, rankings are not protected for players who are injured or pregnant.
Strawberry Moon rises over Western Washington tonight
Next month, there will be a total lunar eclipse which is going to be the longest one this century, say astronomers. It will be a double treat for sky gazers tonight as Saturn will be at its closest point of the year.
Lakers "Racing" To Acquire Kawhi Leonard Before Friday
The Spurs do not have to rush to make a deal, as they could potentially wait until the trade deadline to finally pull the trigger. It is true that the Spurs have no leverage whatsoever, because the sense is that Leonard is not going to play for them again.