Tesla Motors chief executive Elon Musk gave a hint of what can be expected from the upcoming second-quarter earnings report of the electric carmaker as he shared that the output of Model S had gone beyond its initial weekly target.
Apparently, the original target of creating 400 sedans every week had been exceeded as far as manufacturing is concerned. Musk added that in the latter part of next year, he is confident that the company can reach a production record of 800 cars a week.
Last month, sales of the luxury electric car manufacturer were reported to have reached 8,931 during the first half of the current year. The number fell quite short from its goal of 10,500 units per half of the year.
Model S is a type of high-end electric vehicle that has managed to build a loyal string of drivers. These drivers share the company’s mission of making the world switch to electric vehicles or EVs. Though the company has been challenged from convincing non-EV drivers to switch, Tesla had been capable enough to make the challenge feasible by being in the best position to spearhead the electric revolution and deliver high gear vehicles that are sought by loyal customers.
Tesla is an electric vehicle and it has been carrying this title from ground zero. Compared with the other EVs in the industry, it is believed to be better packaged and to be the most promising EV model that the world can have. Each unit sells at a starting price of $62,400 but may reach up to $70,000.
A Tesla spokeswoman said to LA Times that the second-quarter earnings report may be scheduled in the next few weeks.
Joe Langley, principal analyst for HIS Automotive, forecasted that Tesla may not be able to sustain its weekly goal of producing at least 400 units per week. The current demand is high at the moment but when the demand starts to decline, the company may need to lower their goal as well. “The $64,000 question,” Langley said in LA Times, “is can [deliveries] stay at that volume once the initial batch of orders is fulfilled?”
