Tesla losses spike as it fights to ramp up Model 3

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But Tesla did note that making production volume plans can be hard: "It is important to note that while these are the levels we are focused on hitting and we have plans in place to achieve them, our prior experience on the Model 3 ramp has demonstrated the difficulty of accurately forecasting specific production rates at specific points in time".

The Palo Alto firm reported a $675 million quarterly loss attributable to shareholders - higher than the $627 million forecast by Wall Street analysts.

Musk said the Model 3 production hell resulted from the company being a little bit overconfident, and a little too complacent about the company's ability to make batteries. "People want Tesla products, but Tesla can't stop spending more money than it has".

For several years, there has been widespread speculation that Musk could step down from Tesla by 2020 to focus on his private rocket-ship company, SpaceX. Musk said in July a year ago that Tesla would probably be making 20,000 Model 3s per month by December 2017.

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Now, I love Michael, he's a terrific actor, but I didn't trust him with this kind of intricate work, of nailing this. Tarantino told Deadline that they've worked past everything and are now "fantastic friends" once again.

The Model 3 numbers aren't a surprise - Tesla issued a "Vehicle Production and Deliveries" update in January stating that it had delivered 1,550 Model 3s to customers in the fourth quarter of 2017, and had another 860 en route to them. But he also said the company had learned many invaluable lessons from the troubles, and made major strides in efficiencies along the production lines. More than expected by analysts.

He also said Tesla would make capital investments in its planned "Model Y" compact SUV later this year, and that lessons learned from making the Model 3 would be applied to the Model Y. The automaker is struggling to meet production targets for its first mass-market auto, the Model 3 sedan.

Those showroom displays helped increase pre-orders for the Model 3, Tesla suggested.

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