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The Wall Street Journal: Elon Musk says Tesla ‘quite likely’ to meet Model 3 production goal of 5,000 a week

Tesla Inc. will “quite likely” meet its goal of making 5,000 Model 3 cars in a single week by the end of the month, Chief Executive Elon Musk told investors on Tuesday.

The Silicon Valley electric-car maker has demonstrated the ability to make 500 Model 3s a day, or 3,500 a week, already, he said. The company is pushing to meet the critical 5,000-a-week rate after twice delaying the deadline. “This was, I have to tell you, the most excruciating, hellish several months I’ve maybe ever had,” Musk said at Tesla’s annual shareholder meeting near the company’s Palo Alto, Calif., headquarters.

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