Having been behind schedule in the production ramp-up for the Model 3 pretty much since day one, Tesla’s vehicle output showed signs of significant improvement in the first quarter of 2018. In the first three month of 2018, the electric car maker produced a total of 34,494 vehicles, beating its previous record (set in Q2 2017) by a whopping 34 percent.
Most notably, Tesla produced nearly 10,000 Model 3s in Q1 and reached a production rate of 2,000 Model 3 and 2,000 Model S/X vehicles per week by the end of March, putting the company on track to build up to 50,000 vehicles in the second quarter. The following chart illustrates how big a milestone that would be for Tesla, a company that is consistently getting more public attention than its actual role in the global passenger car market warrants.
In 2017, Tesla built roughly 100,000 cars, which is less than one hundredth of the production volume of Volkswagen, the world’s biggest carmaker.
