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Bloomberg has built an interesting tool to track the number of Tesla's mass-market Model 3 electric vehicles that are emerging from the company's California factory.
Driving the news: Check out their Model 3 production tracker here, which as of Friday morning was showing 7,535 built and a current rate of 956 per week.
Why it matters: The Model 3 is vital for Tesla's future but also for the market penetration of EV technology. But the production ramp-up has unfolded more slowly than founder Elon Musk initially pledged.
- The company now hopes to be producing 5,000 per week by the end of the second quarter.
Bloomberg's methodology: Tesla does not provide real-time production figures, so Bloomberg says it is using multiple methods to obtain its estimates after gathering and analyzing the Vehicle Identification Number data.
- The Bloomberg Model 3 tracker "relies on data from official U.S. government resources, social media reports, and direct communication with Tesla owners."
- They created a tool that lets consumers report them directly.