Tesla Motors Building Over 400 Model S EVs Per Week
July 11, 2013 4:51 PM
comment(s) - last by
The company hopes to reach the goal of building 800 Model S' per week by late 2014
Tesla Motors set a goal to build 400 Model S sedans per week, but in Tesla-like fashion, the automaker has already blown past that number.
Tesla CEO Elon Musk reported that Tesla is now producing over 400 Tesla Model S' a week without giving an exact number. He added that Tesla's Fremont, Calif. factory has 3,000 employees, which consists of about 2,000 assembly workers.
"We're above 400 a week at the current manpower, and not trivially above it," said Musk.
Musk estimates that his company will sell between 20,000 and 21,000 Model S' this year. He also mentioned that he hopes to reach the goal of building 800 Model S' per week by late 2014.
It seems like there's nothing Tesla can't do. In May, Tesla repaid its $465 million loan from the U.S. Department of Energy (DOE)
nine years earlier
than expected from the original 2022 due date.
Just last month, the automaker won a huge victory in the
battle against auto dealers
when a North Carolina House committee denied a bill that would block Tesla from being able to sell its vehicles directly to the public.
Tesla was also successful in other states, such as
, where a pair of bills (referred to as A07844 in the Assembly and S05725) tried to make it illegal to license -- or even renew licenses -- for all Tesla Stores within New York state borders. The bills were killed off last month as well.
For Q1 2013, Tesla reported a net income of $11.2 million (a huge increase from an $89.9 million loss in the year-ago quarter). Excluding certain items, Tesla's profit came in at 12 cents a share, which was a boost from a loss of 76 cents a share in Q1 2012. Analysts expected a profit of about 4 cents a share. Revenue also saw a huge year-over-year boost, totaling $562 million (up from $30.2 million in the year-ago quarter).
Tesla hasn't mentioned when it will release second-quarter results.
This article is over a month old, voting and posting comments is disabled
RE: Seen a surge of them
7/11/2013 5:45:31 PM
I also see Nissan Leafs quite often here in Seattle, but Tesla S is the most beautiful of them all for sure. Seems like EVs are picking pace here in the Northwest. I was like considering getting 2011 Leaf in top trim for 18k slightly used but decided to pass, too expensive IMHO. But a lot of people drive them in the city, makes total sense economically
RE: Seen a surge of them
7/11/2013 11:45:51 PM
I've seen a lot more Leaf's and Model S's for sure here in Chicago.
Strangely, I've only ever seen 3 different Volts :(
But the market Tesla currently targets must be nipping at Audi, BMW, and Mercedes, who all sell entry-level cars around the same price as the entry level Model S.
I think the release of even lower end models from the German trio has a lot to do with Tesla (even BMW is releasing an EV next year) and other manufactures, particularly Ford, once again becoming competitive in the luxury segment at a "bargain" price. I mean you'd be crazy not to consider a Taurus SHO over an A4 or 3-series.
"Let's face it, we're not changing the world. We're building a product that helps people buy more crap - and watch porn." -- Seagate CEO Bill Watkins
Tesla Motors Successfully Fights Off Auto Dealership Assault in North Carolina
June 27, 2013, 2:36 PM
New York Bills Try to Ban Tesla Stores, Protect Auto Dealerships
June 24, 2013, 9:31 AM
Tesla Repays $465 Million DOE Loan 9 Years Early
May 22, 2013, 10:20 PM
Hot Air? President Obama, G7 Pledge to Eliminate Most Fossil Fuel Use by 2100
June 8, 2015, 5:40 PM
Study Predicts Self-Driving Vehicles Could Rake in Billions
March 6, 2015, 8:34 AM
Dual-Motor Tesla Model S P85D's "Insane Mode" Shocks Passengers
January 28, 2015, 11:18 PM
2016 Cadillac CTS-V Packs 640 hp Punch with 200 mph Reach
January 23, 2015, 3:25 PM
BMW Testing Tech to Allow Users to Auto-Park, Summon Cars Via Smartwatch
December 16, 2014, 9:30 AM
Lamborghini Offers Up $6,000 Leather-Bound Android Smartphone
December 12, 2014, 3:12 PM
Most Popular Articles
Worth the Wait? Microsoft Teases at Windows 10 Flagship Phones to Air Oct. 6
September 15, 2015, 5:13 PM
Apple's First Fixes to iOS 9 Land w/ iOS 9.0.1 Release
September 23, 2015, 6:11 PM
Breaking Bad: How to Crash Google's Chrome Browser With Just 8 Characters
September 23, 2015, 11:08 AM
Apple Watch Commands 2 in 3 Smart Watch Sales, WatchOS 2 Sweetens the Pitch
September 20, 2015, 6:07 PM
Fakebook Pt. I: From "The Chive" to "AskMen"; How Facebook's Phonies are Born and Used
September 15, 2015, 4:00 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information