Elon Musk planning Tesla mini-car
Monday - August 6, 2018 10:34 am ,
Category : BUSINESS
Elon Musk planning Tesla mini-car
San Francisco Aug 6 (IANS) Bullish on the performance and increased production of "Model 3" cars Tesla CEO Elon Musk is now planning to introduce a mini-car.
"We re working on a new Tesla mini-car that can squeeze in an adult " Musk tweeted on Sunday replying to a user who asked him about a "Model X Radio Flyer" toy car.
The "Model S Radio Flyer" toy car which is currently available for children in the age group of three to eight comes with a 130 watt battery pack.
Musk however did not elaborate on when the Tesla mini-car will hit the roads.
The electric car maker reported revenue of $4 billion in the second quarter of 2018 with $2.2 billion in cash in hand.
Tesla is producing roughly 7 000 Model 3 Model S and Model X vehicles per week.
In July Model 3 -- that comes with a base price tag of $35 000 -- not only had the top market share position in its segment in the US but it also outsold all other mid-sized premium sedans combined -- accounting for 52 per cent of the segment overall.
The company expects to produce 50 000-55 000 Model 3s in Q3.
"We aim to increase production to 10 000 Model 3s per week as fast as we can. We believe that the majority of Tesla s production lines will be ready to produce at this rate by the end of 2018 " Musk said during the company s second quarter results last week.
--IANS na/ksk
"We re working on a new Tesla mini-car that can squeeze in an adult " Musk tweeted on Sunday replying to a user who asked him about a "Model X Radio Flyer" toy car.
The "Model S Radio Flyer" toy car which is currently available for children in the age group of three to eight comes with a 130 watt battery pack.
Musk however did not elaborate on when the Tesla mini-car will hit the roads.
The electric car maker reported revenue of $4 billion in the second quarter of 2018 with $2.2 billion in cash in hand.
Tesla is producing roughly 7 000 Model 3 Model S and Model X vehicles per week.
In July Model 3 -- that comes with a base price tag of $35 000 -- not only had the top market share position in its segment in the US but it also outsold all other mid-sized premium sedans combined -- accounting for 52 per cent of the segment overall.
The company expects to produce 50 000-55 000 Model 3s in Q3.
"We aim to increase production to 10 000 Model 3s per week as fast as we can. We believe that the majority of Tesla s production lines will be ready to produce at this rate by the end of 2018 " Musk said during the company s second quarter results last week.
--IANS na/ksk
