Pursuits
Tesla Projecting Years of 50% Growth Sparks Share Rise
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Tesla Motors Inc. projected a surge in orders for its Model S and said it’s accelerating production of the plug-in electric car, sparking a gain in the shares.
The company projects 50,000 Model S sales in 2015. Making that many “will be no problem,” Chief Executive Officer Elon Musk said yesterday on a conference call with analysts. Tesla raised its outlook to making more than 2,000 vehicles a week by the end of next year.