Tesla Plans FSD Subscription Price Hikes as Autonomous Capabilities Advance 
Baidu Shares Surge After Official Launch of Advanced Ernie 5.0 AI Model 
HKEX’s Permissive IPO Rules Could Open Opportunities for Korea to Strengthen Its Position in International Listings 
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core 
Rewardy Wallet Integrates 1inch Swap API to Enable Gasless, Optimized Token Swaps 
South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
Intel Stock Slides Despite Earnings Beat as Weak Q1 Outlook Raises Concerns 
Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
U.S. Lawmakers Demand Scrutiny of TikTok-ByteDance Deal Amid National Security Concerns 
Ericsson Plans SEK 25 Billion Shareholder Returns as Margins Improve Despite Flat Network Market 
OpenAI Launches Stargate Community Plan to Offset Energy Costs and Support Local Power Infrastructure 
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks 
Following the unveiling of the Tesla Model 3, a lot of supporters and critics have expressed concerns on varying levels that the company might not be able to hit its production targets. At 10,000 vehicles a week by 2018, those are numbers that Tesla has never done before. During the recent earnings call with investors, however, CEO Elon Musk expressed absolute confidence that the target will be met.
During the Q2 revenue report, Musk assured investors that the Model 3 production is going along just fine. While still slow compared to production of other car companies, the tech billionaire has “zero doubts” that Tesla can hit the eventual production numbers by next year.
“What people should absolutely have zero concern about, and I mean zero, is that Tesla will achieve a 10,000 unit production week by the end of next year,” Musk told investors. “I think people should really not have any concerns that we won’t reach that outcome from a production rate.”
For anyone who has been following developments regarding Tesla’s car production troubles, this pronouncement by Musk can come off as particularly strong. As Electrek notes, the CEO is usually a little more cautious about how he presents production forecasts. In the past, Musk would be more apt to say things like “best guess” or “possibly.”
This time, the tech figure has displayed absolute confidence that his company can finally start producing cars as promised. This is interesting as well, considering that during the presentation of the Model 3, Musk himself said that Tesla was going to be in “production hell.”
On the matter of the Model 3 reservations, Musk did provide some insights with regards to the company’s approach. The CEO admitted that there were cancellations throughout the year, but net reservations still stood at 455,000, and that’s without actually any marketing on Tesla’s part. Musk even said that this is simply for the best since it would only cause customer inconvenience due to the waiting period.
