Tesla Motors to reach 120,000 cars per year production in 2016

Tesla Model S First Delivery, June 2012

Tesla Motors just released production figures for Q2 2016 — 18,345 vehicles for a 73,380/year annualized rate.   This is the Tesla Model S and Model X, both of which target the luxury car market.  The company also announced projected production rate increases for 2016, and that they should (knock on…

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