Tesla Motors Building Over 400 Model S EVs Per Week
July 11, 2013 4:51 PM
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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
7/12/2013 6:44:09 PM
GWB is certainly the best example to date of a Left-leaning Republican, hell yes. He was certainly no Conservative.
7/12/2013 7:34:17 PM
Gotta differ with you on that one. I love W and while he promoted a couple of non-conservative ideas, in general he was a pretty solid conservative. Which is a Good Thing.
And a far more competent guy than the loon we now have.
Not much of a public speaker, though.
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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