Elon Musk’s lossmaking Tesla to produce 500 000 cars in 2018

Tesla Motors says it is on track to produce 500 000 vehicles in 2018.

This is two years earlier than expected.

On Wednesday, South African American Elon Musk’s company reported a 1Q/2016 loss of $282 million, up from $154m last year.

Ray White interviewed Mark Smyth, Motor News supplement Editor in The Business Day on The Money Show.

Scroll down for quotes from the audio below.

Tesla’s share price is plummeting.

Mark Smyth

Elon Musk is breaking his promises.

Mark Smyth

There is no doubt that electrical cars are the future.

Mark Smyth

The Netherlands wants all internal combustion engines off its roads by 2025.

Mark Smyth

Enter your email address in the form below to receive a newsletter containing the seven most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : Elon Musk’s lossmaking Tesla to produce 500 000 cars in 2018


Recommended

by NEWSROOM AI
Read More
[Watch] Chinese SUV maker Haval has advertising far worse than its cars

[Watch] Chinese SUV maker Haval has advertising far worse than its cars

Advertising expert Andy Rice slams the ever-improving Chinese SUV maker for its cheap and nasty advertising.

My milkshake brings all the boys to the yard! - Nando's

My milkshake brings all the boys to the yard! - Nando's

Damn right its better than yours! Ad guru Andy Rice loves Nando’s epic new billboard promoting its delicious looking milkshakes.

Tiny South African aluminium company the sole supplier of vital Tesla component

Tiny South African aluminium company the sole supplier of vital Tesla component

How Pietermaritzburg based Hulamin became Elon Musk’s only supplier of an essential component of all Tesla cars.

How SA born and raised Elon Musk is shaping YOUR future (and everybody else’s)

How SA born and raised Elon Musk is shaping YOUR future (and everybody else’s)

We interview the author of a famous book on the Pretoria Boys High graduate who is changing the world (and space beyond) forever.

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.

We won’t need Eskom forever (or for long!) thanks to SA born Elon Musk

We won’t need Eskom forever (or for long!) thanks to SA born Elon Musk

Musk’s new electricity storage system may soon free us from depending on Eskom (or anyone but ourselves) for electricity.

Popular articles
[Watch] Chinese SUV maker Haval has advertising far worse than its cars

[Watch] Chinese SUV maker Haval has advertising far worse than its cars

Advertising expert Andy Rice slams the ever-improving Chinese SUV maker for its cheap and nasty advertising.

My milkshake brings all the boys to the yard! - Nando's

My milkshake brings all the boys to the yard! - Nando's

Damn right its better than yours! Ad guru Andy Rice loves Nando’s epic new billboard promoting its delicious looking milkshakes.

Taxpayer? Got R3 billion? The EFF wants you to save the gutted VBS Mutual Bank

Taxpayer? Got R3 billion? The EFF wants you to save the gutted VBS Mutual Bank

A better option to serve black interests, says Warren Thompson, is Patrice Motsepe’s TymeDigital. It won’t cost taxpayers a cent.

'Elite schools in SA are still reproducing bullying and whiteness'

'Elite schools in SA are still reproducing bullying and whiteness'

A discussion on the legacy and experiences of learning at elite, private and model C schools.

'They must release you, we want you outside' Minister Mokonyane tells Omotoso

'They must release you, we want you outside' Minister Mokonyane tells Omotoso

Nomvula Mokonyane tells rape accused Timothy Omotoso that they must release him as he is wanted outside.

Vavi disputes government's claim of exorbitant salary bill

Vavi disputes government's claim of exorbitant salary bill

Saftu secretary general Zwelinzima Vavi says minister's figures are wrong and another way to limit poor from getting services.