Get All Access for $5/mo

Tesla Shoots Down Leaked Model Y Production Schedule The documents said it planned to produce 7,000 Model SUVs a week at its Gigafactory 1.

By Saqib Shah

This story originally appeared on Engadget

Tesla via engadget

Tesla CEO Elon Musk has said its notorious Model 3 manufacturing issues almost bled the company dry. So it's no wonder everyone is interested in whether it's learned from past mistakes ahead of the launch of its new EV, the Model Y. The latest news suggests that as recently as October, Tesla was pursuing an aggressive production schedule for the crossover SUV.

Citing internal documents sent to staff before Tesla's last earnings call, Business Insider reports the company planned to produce 7,000 Model SUVs a week at its Gigafactory 1 in Nevada by December 20th, 2020. In addition, it was eyeing 5,000 Model Ys a week at its China Gigafactory by February 2021. The leaked documents also reiterate that the car will be based on the Model 3 platform. And, more interestingly, they reveal it will have a third row of seats in the back thanks to its higher frame.

Related: Police Catch Tesla Autopilot Driving Home Sleeping Drunk

Tesla also initially promised 5,000 Model 3 cars per week by the end of 2017 -- a goal it didn't achieve until July of this year. Those lofty projections, on top of additional public statements on production and Musk's statements on taking the company private, led to the SEC issuing a subpoena to the EV-maker in November. The previous month, the Wall Street Journal reported that the FBI was also probing whether Tesla "misstated" its Model 3 production capabilities and misled investors back in 2017.

In a statement, Tesla said that the "timelines and information shared here are outdated," but it didn't dispute their validity. We know from Musk that Tesla is eyeing a Model Y production start date toward the end of 2020, with plans to unveil the heavily teased EV in March, 2019. The company's filings in Shanghai previously showed that it sought to make two different cars at the planned Gigafactory there: one likely being the Model 3, meaning the other could be the Model Y.

Saqib Shah


Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Growing a Business

5 Strategies to Know As You Scale Your Business

Scaling a service-based company requires a comprehensive approach that goes beyond simply increasing revenue. It requires careful planning, strategic decision-making and a deep understanding of market dynamics.

Business Solutions

How to Build Trust and Transparency With Your Customers While Taking Their Data

In this article, we'll explore why businesses must prioritize customer data security and privacy when embracing innovation and provide guidance on navigating the complex landscape to mitigate inherent risks.

Business News

Their Million-Dollar Home Was Listed 'For Sale By Owner' on Zillow for $10,200 — and Not By Them: 'Zero Help'

A Kansas couple has no intention of selling their five-bedroom home, but people keep knocking on their door.

Business News

Elon Musk Isn't Suing ChatGPT-Maker OpenAI Anymore

His decision comes one day after criticizing OpenAI's new partnership with Apple.

Side Hustle

The Side Hustle He Started in His College Apartment Turned Into a $70,000-a-Month Income Stream — Then Earned Nearly $2 Million Last Year

Kyle Morrand and his college roommates loved playing retro video games — and the pastime would help launch his career.

Growing a Business

A 10-Acre Plant Store, 'Once Worn' Wedding Dresses, and a James Baldwin-Inspired Bookstore: America's 15 Most Beloved Mom and Pop Shops

If you're looking to buy local, these independent businesses offer a thoughtful curation of items that makes shopping a true experience.