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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 New York, 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.

Source: Automotive News

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RE: Hahaha
By flyingpants1 on 7/13/2013 7:53:19 AM , Rating: 2
I didn't mock those with a different opinion than me, just specifically those that were proven wrong. Mostly jokingly. Call it trolling if you like, but it's qualitatively different than intentionally and repeatedly misleading others.

No, of course it shouldn't. Why even HAVE a private sector then? Let's just nationalize the economy 100%!

Nobody said we should nationalize the economy 100%, so that is a straw-man argument. OTOH, you just advocated the exact opposite by saying the government shouldn't fund industry at all.

Musk didn't even NEED the loans. Are we forgetting the guy was a billionaire already?

This is factually incorrect. Tesla almost went under, even after Musk invested his entire personal fortune.

When we say the "Internet" today, we really mean the World Wide Web. Yes, the Government funded DARPANET. But to say we have an "Internet" today because of the Government is fallacious. The Government absolutely could not have delivered to us the Internet as we know it today. 100% fact, end of story. Without the private sector there would be NO Internet.

The same goes for every single example on your list.

Again, nobody is claiming the government delivered the internet or any of those things as a finished product, so that is another straw-man argument - you are not very good at this.

"Death Is Very Likely The Single Best Invention Of Life" -- Steve Jobs

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