Tesla hopes to turn a profit in 2020 with increased production

Posted on 15 Jan 2015 by Tim Brown

Tesla Motors CEO Elon Musk has said the manufacturer will ramp up production of its electric cars to “at least a few million a year” by 2025 and hopes the company will turn a profit in 2020.

Speaking at the Automotive News World Congress, which runs alongside the Detroit Auto Show, Musk said the long-delayed Tesla Model X sport utility vehicle will be released over the summer, while the entry-level Model 3 is set to launch in 2017. The Tesla factory in Palo Alto, California – image courtesy…

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