Tesla Now Building 400 Cars Per Week - 20,000 Per Year

Tesla Motors, as a fledgling automaker, has a few advantages the established leviathans just don`t have. One of these is flexibility, and the fact that when a change is made, its effect is felt immediately, as there is not that much to change.

Taking advantage of this, company CEO and co-founder Elon Musk has been able to up weekly production numbers by 100%, compared to last year`s figures. This means that they are now churning out Model S all-electric sedans at a rate of 400 per week, which roughly equates to 20,000 units per year.

Upping the production will help the California-based company begin to turn a profit, as they reportedly lost some $110-million, while revenue was less than half that, at just over $50-million, in the third quarter of 2012.

They do plan to achieve a profit, this year, but it has not been specified when they plan on achieving that goal. However, the need to build on last year’s 3,000-or-so cars manufactured, is evident, and if they will be able to deliver, the monetary benefits will be quick to follow.

Via autonews.com