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 firstname.lastname@example.org or you can follow him on twitter at @realmudmonster.