https://qz.com/1268515/tesla-tsla-says-the-model-3-means-it-will-be-profitable-by-the-end-of-2018/

Tesla told investors today (May 2) it would deliver the Model 3, and profitability, by the end of 2018, after more than a decade of annual losses. In a letter to investors (pdf) before today’s earnings call, Tesla stated it would be producing 5,000 Model 3s per week “in about two months” after a year of chronic delays.

That’s nowhere close to the 20,000 Tesla originally forecasted to roll off assembly lines weekly by this time, but the company did announce today that it manufactured more than 2,000 Model 3 vehicles for three consecutive weeks this quarter, peaking at 2,270 in one week in April. Hitting the 5,000 per week target will reportedly help Tesla reach a positive net income (excluding non-cash compensation) and full GAAP profitability (accounting principals that typically treat spending on tangible things like new equipment as assets) by the last two quarters of 2018.