Reported: Tesla Reaches 500 Per Week Model S Production Rate
With a backlog of more than 10,000 depositors for the Tesla Model S, its maker is making and delivering electric luxury sedans as fast as it can.
Among other benefits, that may allow Tesla Motors [NSDQ:TSLA] to achieve CEO Elon Musk's suggestion that the company could be profitable for the first quarter of this year.
George Blankenship, Tesla's vice president of worldwide sales and ownership experience, said in December that the company had reached its target production rate of 400 cars a week.
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