ELON MUSK, CEO OF ELECTRIC CAR COMPANY TESLA, TOLD EMPLOYEES THAT TESLA HAD HAD SOME PROBLEMS IN IMPROVING MODEL Y CAPACITY, BUT SAID HE WOULD BE ON THE PRODUCTION LINE EVERY WEEK FROM NOW ON TO ADDRESS PRODUCTION PROBLEMS, ACCORDING TO FOREIGN MEDIA REPORTS.
“We did a good job on Model S, Model X and Model 3, but there are production and supply chain challenges in Model Y, and new products are always like this,” Musk wrote in an internal email to company employees on Saturday. Representatives for Tesla did not immediately respond to a request for comment.
Musk had predicted that the Model Y would surpass the Model 3 as Tesla’s top-selling model, and that it could even sell more than the Model S, Model X and Model 3 combined. Tesla shares rose 7.3 percent to a record $949.92 a share on Monday.