Future Cars Menu
Tesla to deliver 5,000 Model S units by end of year
In brief: Tesla has produced over 1,000 Model S bodies so far and expects to deliver 5,000 units by year's end, says CEO Elon Musk.
Vehicle in the news
Make/Model: 2012 Model S
Manufacturer: Tesla Motors
Despite another disappointing quarterly report, Tesla Motors CEO Elon Musk is confident that the company will make its goal to deliver five thousand Model S cars before the end of 2012.
At the end of October, the company announced that they had produced their 1,000th Model S car body and in a shareholder's meeting earlier this week, Musk said that the company is on track to meet its goal of 5,000 units before year's end.
The challenge is in ramping up manufacturing capability without compromising safety and production values. Musk sounded confident that the company would be able to meet or exceed its 5,000 unit goal despite indications that things are not going as well as planned.
Supply chain difficulties and third quarter target misses are indicators that Musk's upbeat talk may be more for Wall Street than it is for reality. It's clear that the simplest portion of the car, its body, is running ahead of schedule while drive train and other critical components may be lagging. A recent Security and Exchange Commission filing seems to say that Tesla's real target this year is 2,700 to 3,225 cars by the end of the year, not 5,000.
And so ...
Tesla's production goals are 5,000 units for 2012 and 20,000 units for 2013.
Photo credits: Tesla Motors via Twitter
This site follows the emergence, application and development of transportation innovation. Reference to manufacturers, makes and models, and other automotive-related businesses are provided for informational purposes only and do not constitute an endorsement by FutureCars.com.