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| Image : http://www.snopes.com/ |
Tesla reported there first quarter performance last Wednesday
(4th May 2016), and according to the reports they were more than the
expected performance. Elon Musk Tesla CEO had a target of delivering 500,000
cars per year by 2020 and now he has changed his plan to achieve that target by
2018.
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| Tesla Model 3 : Image - www.teslamotors.com |
The main reason to change Elon’s plan is their new product
Tesla Model 3, which were unveiled on March has received 400,000 pre-orders.
According to Elon this will be there biggest “strategic change”. Tesla informed
to their Shareholders of the new plan in a letter as "Increasing
production five fold over the next two years will be challenging and will
likely require some additional capital, but this is our goal and we will be
working hard to achieve it,".
As Elon says “as good as Tesla is at design and technology,
the company needs to up its game as a manufacturer”. Elon has taken this big
target as a personal responsibility where he has a desk at the end of the
production line where he keeps a sleeping bag.
Up to now Tesla has managed to deliver 50,000 units per
year, which they targeting to increase up to 80,000 by this year. And the
biggest challenge to them is increasing the number of units per year to 500,000
by two years, which needs extra capital and more employees. Finally he invited "best
manufacturing people in the world" to join with them to achieve companies
target of being "super good at making large complex objects."
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