Tesla to Speed Up Model 3 Production

The transcript discusses Tesla's ambitious production goals for its Model 3 electric car, highlighting the company's aim to produce more electric vehicles in 2018 than all automakers combined in 2016. Despite high demand, there are concerns about Tesla's ability to meet these targets, leading to market capitalization fluctuations. Analysts question the feasibility of such rapid production increases, while competitors like Volvo and Volkswagen are also entering the electric vehicle market. Bloomberg Intelligence believes Tesla can surpass GM as the leading electric vehicle maker by 2021, but the company must prove it can produce quality vehicles at scale.

What is the significance of the half a billion dollars in deposits mentioned in the text?

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What are Elon Musk's production targets for Tesla in 2018 compared to 2016?

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How does Bloomberg Intelligence view Tesla's potential in the electric vehicle market?

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What does the text suggest about the competition Tesla faces from other automakers?

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What challenges does Tesla face in achieving its production goals?

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