Tesla Now Building 400 Cars Per Week - 20,000 Per Year
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.
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Tesla is about to teach Detroit a lesson. A very expensive one.