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Tesla CEO Elon Musk recently made investor and customers uncomfortable when he said that the company is likely to be in “manufacturing hell” over the next few months in order to produce the Model 3. However, instead of being depressed on the issue, the tech renegade seems to actually thrive on the challenge. In fact, Tesla is having one of its best seasons with reservations for the Model 3 going for 1,800 units a day.
During a recent discussion with analysts, it would appear that Musk had quite the sunny disposition with regards to the second half of 2017, Forbes reports. The Tesla boss predicted much better performance with regards to both revenue and net loss, which encouraged investors enough to make the company’s stocks jump by eight percent on Wednesday.
Then again, it makes a lot of sense for Musk to be upbeat, especially with Tesla making $2.79 billion in revenue for this quarter. That’s a lot more than the $1.29 billion it made around the same time period the year before.
In fact, those numbers are only expected to go higher as reservations for the Model 3 are simply going through the roof. At nearly 2,000 models being booked by customers on a daily basis, it’s looking a lot like Christmas for Tesla right now. As CNN notes, the total number of units on the waiting list has not been released by the company. However, during the unveiling of the car, Musk himself said that it stood at over 500,000.
Those numbers might seem small had it been a car maker like Ford, but Tesla’s production capabilities are not exactly on that scale yet. In fact, the company thinks it would be lucky to produce 1,500 units during Q3. After that, Tesla is aiming to produce 5,000 vehicles on a weekly basis by the end of 2017 and double that by the end of next year.
