Tesla on Wednesday said it was speeding the timeline for building half a million cars as it steps up production to meet growing demand for its electic vehicles.
Hot demand for a new Air Max 90 Sale Online , more affordable Model 3 led the company to shave two years off its timeline for building a combined total of 500,000 vehicles, combining Model S, Model X, and Model 3 Air Max Sale Online , and make the new target date 2018.
"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," Tesla founder and chief executive Elon Musk said in a letter released with a quarterly earnings report.
Musk affirmed the company's plan to deliver 80,000 to 90,000 new vehicles this year Nike Air Max TN Shoes Sale , and said it was on track to begin deliveries of its keenly awaited Model 3 late next year, which at around $35,000 will be priced at about half the cost of its Model S.
Tesla received more than 325,000 orders for its Model 3 during the first week it began taking deposits, despite never paying for advertising or endorsements Nike Air Max 2018 Shoes Sale , according to the company.
"This implies about $14 billion in future sales, making the Model 3 introduction the biggest consumer product launch ever," Musk said.
"Since then, reservations have continued to grow to surpass even our expectations."
In its quarterly results, Tesla said revenue in the past quarter climbed to $1.6 billion in a 45 percent increase from the same period a year earlier Nike Air Max 90 Shoes Sale , while the company's net loss narrowed 34 percent to $75 million.
"Our financial performance improved as well," Musk said in the letter.
Tesla shares climbed 3.8 percent to $231 in after-market trades that followed release of the earnings report, regaining ground lost during the day after word spread that it was losing two key executives.
- Executives hitting the road -
One of the departing executives was Tesla vice president of production Greg Reichow, who was reported to be in the top pay ranks at the company.
After being with Tesla for more than five years and leading its production team for the past three, Reichow plans a leave of absence to "have a well-earned break Nike Air Max Shoes Sale ," a Tesla spokesman said in response to an AFP inquiry.
Reichow will remain at Tesla until someone if found to replace him, according to the company.
"Greg and the team deserve a lot of credit for building an all-new manufacturing organization from the ground up and for making Model S and Model X a reality," Musk said.
"We're confident that with the strength of the team, high-quality manufacturing at Tesla will continue."
In a release statement, Reichow described the Tesla team as talented and committed Air Max TN Shoes Sale , and that he strongly believes in the company's "ability to successfully deliver great cars and inspire the world to drive electric."
Tesla offered no comment on reports on the departure of another executive, Josh Ensign, who had been vice president of manufacturing.
Consumer Reports last month recounted a series of glitches with its new Model X electric sport utility vehicle, sending Tesla shares skidding.
Among the snafus cited: problems with the vehicle's "falcon wing" doors either not opening or not shutting; difficulties with the car's self-driving mechanism becoming "confused"; "double vision" distortions from the curved windshield; and insufficient heating.
Consumer Reports praised the California company's consumer service, but questioned "whether Tesla can keep up with the service issues" as output increases.
Tesla said the Model X's reliability trends are comparable with those on the Model S sedan Air Max 2018 Shoes Sale , which has improved considerably over the last two years, and that it was working quickly to address any problems.
On April 11, Tesla announced the recall of 2,700 Model X vehicles to fix a locking hinge that could allow third-row seat backs to fold forward unintentionally.
TEHRAN， Jan. 28 (Xinhua) -- Iran's national under-23 wheelchair basketball team finished first at the Asia-Oceania qualifying tournament for the 2017 IWBF Men's Under-23 World Championship， Press TV reported on Saturday.
The Iranian team edged past the Japanese team 67-51 in a title match staged in the Thai capital city of Bangkok on Saturday.
Six countries， namely Australia， China， India， Iran， Japan and Thailand， took part in the competitions in Bangkok.
Three teams of Australia， Iran and Japan were qualified for the 2017 IWBF Men's Under-23 World Championship to be held at the Mattamy Athletic Center in the Canadian city of Toronto on June 8-16.
The upcoming IWBF Under-23 World Championship， which is held every four years， will be in its sixth edition.
UNITED NATIONS, April 22 (Xinhua) -- The World Health Organization (WHO) on Wednesday reported that progress toward global vaccination targets for 2015 is far off-track with one in five children worldwide still missing out on routine life-saving immunizations.
WHO's depressing report came ahead of the World Immunization Week which will run from April 24-30.
An estimated 1.5 million deaths could be averted each year from preventable diseases Air Max 90 Shoes Sale , and WHO is calling for renewed efforts to get progress back on course throughout the world, UN spokesman Stephane Dujarric said at a daily news briefing here.
In 2013, nearly 22 million infants missed out on the required three doses of diphtheria-tetanus-pertussis-containing vaccines ( DTP3), many of them living in the world's poorest countries. WHO is also calling for an end to the unnecessary disability and death caused by failure to vaccinate.
