Tesla Motors Inc. is producing more than 400 Model S electric sedans weekly as it tries to meet growing demand for the vehicle, chief executive Elon Musk told Bloomberg in an interview. Tesla initially targeted to build 400 cars a week. Musk remarked that Tesla's weekly production rate will reach around 800 vehicles in late 2014.
"I'm very confident we'll get there," Musk told Bloomberg. Tesla had troubles reaching its production target in 2012, causing it to widely miss its 5,000-car delivery goal for the year.
This carmaker had to hire temporary workers and resolve supplier issues, leading it to post a wider loss in the fourth quarter of 2012. Musk expects Tesla to sell around 21,000 Model S in 2013, as the carmaker has recently commenced making deliveries to Europe and Asia.
Tesla's stock have tripled so far this year, after high demand for its Model S sedan helped the carmaker log a profit in the first quarter of 2013. Tesla has yet to publish its results for the second quarter of 2013.
According to the average of 12 analysts' estimates compiled by Bloomberg, Tesla may post a loss of 17 cents a share, excluding some items, in the second quarter of 2013. Musk said that Tesla's site in California boasts of a 3,000 strong workforce, of which 2,000 are assembly workers moving on two daily production shifts.
By combining performance, safety and efficiency, the new Tesla Model S electric sedan is considered as an evolution in the field of automotive engineering. Definitely a car of the 21st century, the new Tesla Model S has earned the highest possible safety ratings and boasts of having the longest range among electric vehicles. Moreover, over-the-air software updates allow the Model S to improve over time.
The new Tesla Model S has a very low center of gravity, allowing it to offer great levels of handling and performance as well as minimal risk of rollover. This is thanks to the carmaker’s platform that allowed the battery to be located on the floor and the electric drivetrain to be placed beneath the Model S. In addition, the new Tesla Model S could absorb the energy of a front collision better than other performance sedans, thanks to the fact that its engine bay has no engine, resulting to a large crumple zone.
Furthermore, the new Tesla Model S is loaded with a number of standard active safety features like collision warning, blind spot detection, automatic emergency braking and lane departure warning.
It is also available with an array of optional convenience elements such as traffic-aware cruise control, autosteer, autopark and summon. Thanks to all these safety elements, the new Tesla Model S is considered as one of the safest cars on the road, having earned the highest safety ratings from agencies like the NHTSA and the Euro NCAP. Likewise, the new Model S has the lowest likelihood of occupant injury following tests in the United States.
Tesla designed the new Model S so it will be powered by two electric motors -- one at the front and another on the rear. Through these motors, the Model S digitally and independently controls torque to the front and rear wheels, thereby resulting to great level of traction control in any condition. Interestingly, Tesla's Electric All Wheel Drive system boasts of greater efficiency, unlike conventional four-wheel drive units that usually consume more fuel to gain more traction.