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Well, they plan to sell 500k vehicles a year soon which takes a huge ramp up form current production. Sure, they could increase production with current profits
by marricks 10y ago
Well, they plan to sell 500k vehicles a year soon which takes a huge ramp up form current production.
Sure, they could increase production with current profits form sales but it would slow them down.
- mikeash 10y agoJust to quantify this a bit more: they plan to hit a rate of 500,000/year by the end of 2018, and so far the company has sold something like 200,000 cars total, ever, since it started. (I don't know how likely they are to hit that goal by the end of 2018, but they're trying.)
- exabrial 10y agoThat's a very lofty goal indeed. They will definitely have to come down in price
- mikeash 10y agoThe Model 3 is supposed to start at $35,000. Demand doesn't seem to be a problem, as they have hundreds of thousands of reservations and pretty much stopped trying to solicit more while they work through the backlog. The major challenge for now is actually getting production up to capacity.