Musk Returns To Sleeping On Model 3 Assembly Line Floor - Production Rises To 2400 Units A Week

Tesla shares opened strong on Monday, up 2.58% and trading at $307.05 as of writing. Tesla’s stocks seem to be continuing its rise after a remarkable recovery last week, which included a 20% surge in three days that gained $9 billion back for its market cap.

As noted in a MarketWatch report, TSLA’s performance in the stock market last week ended with gains of 14.5%. This is Tesla’s best weekly advance since February 28, 2014, when the company’s shares rose 17%. TSLA’s recovery last week also ended a 5-week dive that culminated in a 12% slide — the worst that the company has seen since February 2010.  

Despite continued reservations about its ability to deliver the Model 3, an ongoing recall for the Model S sedan, an NTSB investigation into a fatal Model X crash, and the new tariffs announced by China, the sentiments of Tesla’s investors appear to have improved amid the company’s release of its first-quarter production and delivery report.

PUGPROUD - 4/9/2018 1:46:44 PM

+1 Boost

A CEO of a very large multi plant corporation once told me he never saw an untidy plant...because each facility would get a complete cleaning and paint job before he visited. Musk's mere presence on the shop floor likely upped production for now. Can the pace be maintained when he leaves, maybe.

Vette71 - 4/9/2018 3:43:34 PM

+10 Boost

So next week they have to do 2640 and the week after that 2900 ..etc. Otherwise they won't make it to the cash flow they need in Q3.

SanJoseDriver - 4/9/2018 6:30:18 PM

-1 Boost

As far as I know it's not optics, he's done stuff like this before at the Gigafactory and SpaceX as well (and when the Model X was in first productions).

MDarringer - 4/9/2018 7:23:21 PM

+2 Boost

"Optics" is such a played-out 2015 cliche.

Hauerg - 4/10/2018 1:22:34 AM

-2 Boost

With your level of knowledge you should not bet.

mpls - 4/9/2018 4:26:20 PM

+10 Boost

hmm.. rushing out 2400 units a week.. how's the quality ?

SanJoseDriver - 4/10/2018 11:53:17 PM

-1 Boost

Spoke to someone who got theirs last week and he said the quality was perfect and he loves the car. Even the panel gaps looked good from what I saw.

MDarringer - 4/11/2018 8:54:36 AM

+2 Boost

@fiftysix...remember @SanJoseDriver doesn't work in Tesla PR.

Yeah right.

mre30 - 4/9/2018 4:29:22 PM

+6 Boost

MTV should film at Fremont because this is just the height of RIDICULOUSNESS !

Photo op. Although, the photo might foreshadow his future living arrangements once the whole thing goes t*ts up.

MDarringer - 4/11/2018 8:55:35 AM

+2 Boost

Musk went and had the picture shot and then went back to his cocaine and whores lifestyle. After all, he is the modern-day John Delorean.

CANADIANCOMMENTS - 4/9/2018 9:28:04 PM

-7 Boost

Production is up at the Tesla factory and Trump's lawyer's offices just got raided by the FBI guided by Federal search warrant(s) approved by a judge. It's like it's Christmas! :)

MDarringer - 4/11/2018 8:57:25 AM

+3 Boost

Make no mention that this is the same FBI who very easily could have prevented a school massacre and did nothing to prevent it.

The FBI is a criminal organization at this point. The raid on Trump's lawyer is patently illegal.

CANADIANCOMMENTS - 4/11/2018 9:38:19 AM

-1 Boost

@MD - While the tin-hat crowd may wish to believe the raid was illegal, but it was approved by a judge who was appointed by the Trump administration last year. He is a Republican too. Lawyers, investigators, and judges following the law and where the evidence leads them. Bringing up other events does not change the here and now. And yes the FBI is still keeping America safe every day. This new development is monumentally bad for the Trump White House.