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Tesla’s Model 3 Passes the 100,000 Mark

But with the production uptick shown by Bloomberg’s Model 3 tracker comes an end to the $7,500 U.S. tax credit—on Monday.

Bloomberg business news
Tesla Model 3 sales shine
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Tesla Inc. just reached a significant round-number milestone: 100,000 Model 3 electric cars have left the factory, according to the latest estimates from the Bloomberg tracker.

It’s a remarkable achievement considering that earlier this year Tesla’s plans for extreme automation fell apart, forcing its top engineers to rip out factory lines, erect an enormous tent and revise the entire assembly process. But the latest production numbers are a sign that these dramatic actions taken by Chief Executive Officer Elon Musk were effective.