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Thursday, Aug 22
Tesla Motors' production forecast in focus again
- Tesla Motors (TSLA +1%) CEO Elon Musk predicted the automaker can reach annual production of 40K units by the end of next year during an interview on CNBC.
- Though far from the first time the 40K figure has been thrown out by Tesla, confirmations from the company that its aggressive production goals are on track are needed to help support its share price.
- In 2016, Tesla projects a run rate of 1M vehicles. The billion-dollar question is at what margin rate?