Tesla (TSLA) Model 3 production restarted - Chowdhry

April 24, 2018 10:57 PM EDT
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(Updated - April 25, 2018 9:16 AM EDT)

(updated with new analyst comments)

Tesla (NASDAQ: TSLA) Model 3 production restarted on Tuesday, April 24th, according to Global Equities Research analyst Trip Chowdhry. Deliveries also restarted, he said.

Below is a picture from April 23rd, showing the holding area almost empty:

And here is a picture from April 24th, showing cars ready for delivery:

Video here

UPDATE:

In an updated note Wednesday morning, Chowdhry said he is 100% confident that the production of all the three, Model 3, Model S and Model X has restarted on April 24th, 2018

  • We expect a gradual ramp-up of Model 3 Productions after a restart - probably 2,000 or so this week
  • ...and then gradual production increase to close the quarter with the production rate of about 5,000 to 6,000 Model 3's per week

Below is a photograph of a Model 3 driving from the production facility to the holding area:



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