Tesla's Elon Musk Regains Bravado With Better Outlook for Model 3
Three months ago, Tesla Chief Executive Elon Musk warned of the company's production issues. On Wednesday, a day after his SpaceX rocket blasted into space, Mr. Musk was upbeat, again boldly predicting his company would make one million vehicles a year in 2020.
From article, (Mr. Musk, speaking on a call about Tesla’s fourth-quarter results, was upbeat one day after his other company, Space Exploration Technologies Corp., sent the world’s most powerful rocket in almost five decades into space with a Tesla Roadster on board.
The Tesla CEO again boldly predicted his company would make one million vehicles a year in 2020. He boasted Tesla would build a car manufacturing system that is superior to anything in the century-old automotive industry. And he claimed that in as soon as three months a self-driving Tesla car would cross the U.S.—after missing a deadline last year.Mr. Musk also seemingly shrugged off Tesla’s troubles producing the Model 3, saying the company was now on track to meet its oft-stated goal of making 5,000 cars a week. And once Tesla achieved that milestone by the end of June, he said, the company would then make a sustainable operating profit this year—maybe even a net profit.
“I’m hopeful that people think that if we can send a Roadster to the asteroid belt, we can probably solve Model 3 production,” he said.
He acknowledged that rolling out the Model 3, which began production in July, was harder than expected. “We were in a deeper level of hell than expected,” he said. “Still a few levels deeper than we’d like to be but swiftly exiting, I think.”
Then, he added, “it was really on balance a phenomenal year.”)
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