Tesla To Produce More Than 500 Model 3's Per Day This Week

Tesla Inc's Chief Executive Officer Elon Musk said production of its crucial Model 3 sedan is likely to exceed 500 vehicles per day this week, automotive news website Electrek reported on Tuesday. That would translate to about 3,500 Model 3s per week, up quite a bit from the weekly production rate of 2,270 it hit in the last week of April. Earlier this month, Tesla said its Model 3 production target remains on track, expecting about 5,000 per week in about two months.

Musk said on Tuesday if anyone knew of any specific bottlenecks that would prevent the carmaker from achieving that production rate, they should come to him this week, according to the report, citing an email from Musk to employees.

Tesla did not respond immediately to a request for comment.

The news comes a day after Musk said Tesla was undergoing a "thorough reorganization" as it contends with production problems, senior staff departures and recent crashes involving its electric cars.

Tesla will still rapidly hire people to fill critical positions "to support the Model 3 production ramp and future product development," Musk said on Monday.

Tesla is at a critical juncture as it tries to fix an inauspicious launch of the Model 3 sedan, a mid-market car crucial to its success and future profitability that has been plagued by early production problems.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Bernard Orr)

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)