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  • 05.04.16

Tesla plans to produce 500,000 cars annually by 2018

As revealed in today’s earnings report, Tesla’s production roadmap has been moved up by two years. Talk about ambitious: 

• 2016 annual production goal: 80,000-90,000 cars (total units of the Model X and Model S)
• 2018 annual production goal: 500,000 cars (total units of the Model X, Model S, and Model 3)

But Musk is unfazed: “I feel confident that we will hit the 2,000 vehicle-per-week target by the end of the [second] quarter,” he said during the earnings call.  PM