Contrary to many, Tesla Inc (NASDAQ:TSLA) has not seen a rise in vehicle production for a long time -- in fact it has even shown negative growth. But in the latest production numbers, a breakthrough has finally been hit.
The focus has been on the Model 3, and for good reason. Not only is it Tesla's attempt at a mass market vehicle, it is the only area of growth for the company, when it comes to overall vehicle sales. And, last quarter, it succeeded in creating a new trend. Here is a chart from Statista.
As Statista put it:
Most notably, Tesla produced nearly 10,000 Model 3s in Q1 and reached a production rate of 2,000 Model 3 and 2,000 Model S/X vehicles per week by the end of March, putting the company on track to build up to 50,000 vehicles in the second quarter.
Whether Tesla can meets its lofty goals, after missing them four quarters in a row, we will have to wait and see -- but for now, there is, finally, a trend -- and it's up.
Historically, there has been a trade that has profited from the release of these production numbers, whether they were good or bad. For option traders, this is a good read:
Tesla Rallies After This Event -- And it is Again
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