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.

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Edcon's Grant Pattison answers very personal questions about money

Edcon's Grant Pattison answers very personal questions about money

The Money Show’s Bruce Whitfield interviews Pattison about his attitude to money (hopes and fears, successes and failures, etc.)

Why 96% of small businesses fail (and what to do about it)

Why 96% of small businesses fail (and what to do about it)

The Money Show’s Bruce Whitfield interviews Raiz Corp CEO Allon Raiz who reviews “The E-Myth Revisited” by Michael E. Gerber.

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
Three mistakes to avoid when nominating a beneficiary

Three mistakes to avoid when nominating a beneficiary

Certified Financial Planner Paul Roelofse has a difficult conversation with Phemelo Motene around nominating a beneficiary.

Why low sexual desire is not 'abnormal'

Why low sexual desire is not 'abnormal'

Low sex drive is common and non-sexual relationships can also be fulfilling, explains clinical sexologist Dr Eve.

Man wants end to six-year marriage after wife refuses to cook for him

Man wants end to six-year marriage after wife refuses to cook for him

Geoffrey Matovu filed for divorce in the Family Division of the High Court accusing Ms Tryphena Nakiyingi of being disrespectful.

Jerome Booysen of Sexy Boy's life could be under threat

Jerome Booysen of Sexy Boy's life could be under threat

A fight broke at a hospital where Booysen was admitted and it is believed Booysen was the target of the scuffle.

Estate agent Aida admits it’s the source of SA’s largest data hack ever

Estate agent Aida admits it’s the source of SA’s largest data hack ever

The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.

UCT engineering student creates affordable grey water system

UCT engineering student creates affordable grey water system

Nkosinathi Nkomo came up with a system that could turn grey water into usable water amidst the Cape Town water crisis.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.