- Tesla CEO Elon Musk says Model 3 production bottlenecks are being caused by the battery module assembly line at the company's Gigafactory in Nevada.
- Musk said during the company's fourth-quarter earnings call on Wednesday that Tesla became "too confident" in its ability to make batteries, which contributed to its current production problems.
- But Musk said that the company is still on target to produce 2,500 Model 3 vehicles by the end of Q1 and 5,000 units per week by the end of Q2.
Tesla CEO Elon Musk said Model 3 production problems are a result of the company being a little too confident in its ability to make batteries.
“It’s ironic since battery modules should be the thing we are best at,” Musk said during the company’s fourth-quarter earnings call. “We were a little overconfident, got too comfortable with our ability to do battery modules.”
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