Hyperdrive
Musk Makes Yet Another 2019 Forecast: Up to 600,000 Cars
The lower end of the production range: 420,000.
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Elon Musk has adjusted his vehicle-production forecast for Tesla Inc.—again.
Tesla will make between 420,000 and 600,000 cars in 2019, the chief executive officer said on a call with reporters to discuss the arrival of Tesla’s new $35,000 version of the Model 3 sedan. He provided the projection after being asked whether Tesla will be able to increase output for its most affordable vehicle.
Musk’s forecasts are a sensitive subject. A misfired Tweet landed him in the crosshairs of the U.S. Securities and Exchange Commission three days ago. Here’s a rough breakdown of how his 2019 estimates have evolved:
Note: Production typically exceeds deliveries by a few percent.