Tesla to Build 100,000 Cars Next Year

    People look at a Tesla car at a company showroom in Beijing on July 9, 2014. Electric carmaker Tesla on July 9 denounced a Chinese businessman's lawsuit seeking millions of dollars for alleged trademark infringement as an attempt to "steal" its property and "without any conceivable merit".  AFP PHOTO / WANG ZHAO        (Photo credit should read WANG ZHAO/AFP/Getty Images)


    In his letter to shareholders Thursday, founder Elon Musk declared that Tesla Motors will be sending out more than 100,000 cars per year by the end of 2015. He also announced that the company’s reported revenue was $769 million for the second quarter, up from $405 million from the same period the previous year. However, the company’s net loss also grew—to $62 million from $32 million, due to spending on charging stations, service centers, and the development of the Model X SUV. Musk also announced that the company is working with ore suppliers in yet another example of his firm belief that outsourcing does not save companies money. Most big auto companies use parts made by other companies for their cars.

    Read it at Businessweek