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DETROIT, Michigan - Tesla Motors is on a new roll after missing a production deadline in 2012, now the automaker is building more than 400 cars a week as demand for the Model S grows.
The Detroit News has reported that CEO Elon Musk said: "We’re above 400 a week at current manpower... and not trivially above it. In late 2014 the pace is going to be 800 a week. I’m very confident we’ll get there."
the DetNews also reported that Tesla missed a 5000-unit delivery goal for 2012, causing huge fourth-quarter losses after the company had to add temporary workers and resolve supplier snags.
This time around, the battery-car maker says, the company will reach an output goal of 21 000 for 2013 as deliveries to Europe and Asia started July.
MULTIPLE LIVES
Shares of Palo Alto, California-based Tesla have tripled this year as the popularity of its R690 900 Model S sedan helped bring a 2013 first-quarter profit, the company’s first. Tesla hasn’t yet said when it will release second-quarter results.
Bloomberg analysts estimate the automaker may report a second-quarter loss of 17c/share, excluding some items.
Musk said the Tesla factory had 3000 employees, 2000 of them assembly-line workers, with two daily production shifts.
Tesla’s only plant is a 45 000 square-metre factory and it’s had multiple lives. It opened in the early 1960's as a facility for the predecessor of General Motors and closed in 1982. From 1984-09 it operated as a joint-venture plant for GM and Toyota .
Tesla bought the idled factory in 2010 and started building cars there in 2012.
BRIGHT DAYS AHEAD
Musk said the company hoped one day to reach a production level of 500 000 vehicles a year as the model range increases. “We're going to have every kind of car you could possibly imagine. If it moves, we’ll make it."
Additions include the Model X sport bakkie due in late 2014 and a sedan to be introduced later that’s smaller and cheaper than the Model S, and a compact SUV.
Under Musk’s direction, Tesla repaid a US Energy Department loan nine years ahead of schedule to the equivalent of R4.6-billion. Tesla also said in May its first-quarter profit was aided by an equivalent of R679-million in California zero-emission vehicle credits to companies it didn’t name.
Musk said in a May 2013 conference call that Tesla was projecting such credit sales would drop in the second quarter and could disappear in 2013’s second half.
The Detroit News has reported that CEO Elon Musk said: "We’re above 400 a week at current manpower... and not trivially above it. In late 2014 the pace is going to be 800 a week. I’m very confident we’ll get there."
the DetNews also reported that Tesla missed a 5000-unit delivery goal for 2012, causing huge fourth-quarter losses after the company had to add temporary workers and resolve supplier snags.
This time around, the battery-car maker says, the company will reach an output goal of 21 000 for 2013 as deliveries to Europe and Asia started July.
MULTIPLE LIVES
Shares of Palo Alto, California-based Tesla have tripled this year as the popularity of its R690 900 Model S sedan helped bring a 2013 first-quarter profit, the company’s first. Tesla hasn’t yet said when it will release second-quarter results.
Bloomberg analysts estimate the automaker may report a second-quarter loss of 17c/share, excluding some items.
Musk said the Tesla factory had 3000 employees, 2000 of them assembly-line workers, with two daily production shifts.
Tesla’s only plant is a 45 000 square-metre factory and it’s had multiple lives. It opened in the early 1960's as a facility for the predecessor of General Motors and closed in 1982. From 1984-09 it operated as a joint-venture plant for GM and Toyota .
Tesla bought the idled factory in 2010 and started building cars there in 2012.
BRIGHT DAYS AHEAD
Musk said the company hoped one day to reach a production level of 500 000 vehicles a year as the model range increases. “We're going to have every kind of car you could possibly imagine. If it moves, we’ll make it."
Additions include the Model X sport bakkie due in late 2014 and a sedan to be introduced later that’s smaller and cheaper than the Model S, and a compact SUV.
Under Musk’s direction, Tesla repaid a US Energy Department loan nine years ahead of schedule to the equivalent of R4.6-billion. Tesla also said in May its first-quarter profit was aided by an equivalent of R679-million in California zero-emission vehicle credits to companies it didn’t name.
Musk said in a May 2013 conference call that Tesla was projecting such credit sales would drop in the second quarter and could disappear in 2013’s second half.