Elon Musk: There is not a demand problem for the Tesla Model 3

Tesla CEO Elon Musk’s opening comments went straight to a question that has been looming over the automaker since it reported wider-than-expected losses and a one-third drop in deliveries in the first quarter: demand.

“We get this question a lot. I want to be clear, there is not a demand problem,” Musk said.

But he didn’t stop there. Musk quickly added that sales have far exceeded production. “Production has been pretty good,” Musk said. “So Tesla has decent shot at a record quarter on every level — if not it’s going to be very close.”

Tesla reported in April that it delivered 63,000 of its electric vehicles in the first quarter of the year, nearly a one-third drop from the previous quarter. Tesla cautioned, at the time, that it…

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