Industry News: Tesla Considers Increasing Production Of The Model S

[William Maley]

William Maley

Staff Writer - CheersandGears.com

July 26, 2012

This week, Tesla announced that it's considering boosting production of its Model S sedan to 30,000 units in response to a waiting list that stretches for 10-11 months.

Tesla CEO Elon Musk said in a conference call with analysts that the company is expecting to sell 5,000 Model S sedans by the end of 2012, with 20,000 sales expected next year. That could increase to 30,000 with the addition of a second shift. Currently, Tesla has 12,200 reservations for the Model S sedan.

"Our key objective for the rest of the year is to ramp production with a focus on quality and to rollout the Model S experience to a broader audience through customer deliveries, test drives and store openings," Tesla said in its second quarter 2012 shareholder letter.

Source: Inside Line

William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

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[G. David Felt]

Yawn, a drop in the bucket for a car that is for the upper 1% category.

I find it hard to get excited about this product line. If they were to report that their 300 mile range of electric technology was being licensed to GM and Ford than I would be the first to get up and dance!

[A Horse With No Name]

They need to straighten out their production problems first, then increase production.

I do hope they make it, I am a huge fan of Elon musk....

[Turbojett]

I hope they make it too. I like this car. Granted, I liked the Fisker Karma, too, but this one seems so much more promising.

[G. David Felt]

Wonder who will buy them up? I just got this gut feeling that they are doing minimal while they wait for a large company to come in and buy their technology and assembly line so they can get a profit back to the investors.