Despite Serious Circumstances Tesla CEO Elon Musk Tweets Jokes

The next-gen Nissan Leaf is still a mystery, but its United States deliveries have so far been extremely limited with only just over 2,500 vehicles so far this year.

Based on this estimation, it would mean that Tesla delivered between ~4,700 and ~5,900 Model S vehicles and between ~4,000 and ~5,000 Model X vehicles in the United States during the first quarter. By the end of the first quarter, 2,040 Model 3 and 4,060 Model S and X were in transit to customers.

On the delivery side, Tesla put customers behind the wheel of 29,980 vehicles including 8,180 Model 3s, 11,730 Model S' and 10,070 Model Xs.

A Tesla Model 3 is seen in a showroom in Los Angeles, California, U.S. January 12, 2018.

The production numbers, short of Tesla's own target of 2,500 per week for the end of March, are far higher than the quantity of 793 Model 3s built in the final week of previous year. In the next seven days, we expect to produce 2,000 Model S and X vehicles and 2,000 Model 3 vehicles. In a statement to CNBC News, Albertine stated that if Tesla can make progress with the production ramp-up of the Model 3, the company might have "a very good year" overall.

Competition isn't far behind, with Jaguar's i-Pace launching in early March at the high end, and the Model 3 facing the Chevrolet Bolt (launched last year), and a large number of similar long-range alternatives (including the Nissan LEAF 230-mile range version, Hyundai Kona EV, Kia Niro EV and Audi eTron) in 2018.

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The company also responded to concerns about the Model 3's quality. My job as CEO is to focus on what's most critical, which is now Model 3 production.

Increasing Model 3 production is important for the Silicon Valley electric carmaker, whose profitability is tied to the cheaper vehicle.

Elon is also increasingly under strain as he gets the Model Y into production, builds the Tesla Semi and the second-generation Roadster, completing the Supercharger network, boring tunnels underground, making solar roof tiles, and launching rockets. Tesla bulls or bears?

On Friday, however, shares of the automaker rebounded more than 3% as investors appear increasingly ready to "buy the dip" with this company, placing their faith in the vision and guidance of one of the most inspirational CEOs the world has had the pleasure of experiencing: Elon Musk.

But Tesla Motors now claims production improvements are generating enough cash flow that the company will not need to raise any new cash in 2018. "The implied margin of error is exceedingly tight".

"We believe the backlog for Models S and X remains solid but that this is an area to monitor given the sequential declines".

  • Toni Ryan