Tesla Plans To Produce 500,000 Electric Cars In 2018, 1 Million In 2020 (reuters.com)

"Tesla Motors Inc said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule, but warned that spending will ramp up in tandem," reports Reuters. Tesla said capital spending would rise about 50% more than originally planned this year, to around $2.25 billion. Producing 500,000 vehicles in 2018 will be no easy task, especially considering the company is only on track to deliver between 80,000 and 90,000 electric vehicles this year. In addition to producing 500,000 electric vehicles in 2018, Elon Musk also said the company expects to produce nearly 1 million vehicles in 2020. These are certainly ambitious goals, even for a company that had the 'biggest one-week launch of any product ever.'

Comments

At this point I am ready for everything

[mapkinase]

I'll drive a car running on the blood of freshly killed babies if I won't drive it.

Re: Never

[thinkwaitfast]

Cars are about the worst investment that you can make. They're largely for showing off how much money you have to waste. Maybe boats are worse.

I can buy low cost house for not much more than a new car and turn it into source of income. Given this choice, I'll keep driving my 30 year old POS (that works perfectly well BtW) and buy more houses.