Tesla to up production five-fold by 2018

By Davide Ghilotti
Published: Thursday, 05 May 2016

Tesla has committed to increase the number of units it produces annually to 500,000 over the next two years, which would further fuel demand for lithium batteries in a tight market, as output forecasts for 2016 are maintained and car orders are growing.

A yearly output target has been set by Tesla at 500,000 vehicles (between Model S, Model X and Model 3), to be reached by 2018, two years earlier than previously planned. This would increase current product five-fold."Continuing to ramp […] production is the top priority at...

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