Electric super car maker Tesla is highly confident about the possibility of success with its latest vehicle – the Model S.
Speaking at a conference call, Tesla Motors chairman and CEO Elon Musk spoke out in response to Tesla’s shares falling by 19 per cent last Friday after two senior engineers left the company, by expressing his belief in the Model S and Model X.
As part of the call he said he was highly confident about three things: that Tesla would meet or improve on the delivery date for the first Model S cars in July; that it will sell at least 20,000 cars next year; and that it will enjoy a gross margin of at least 25 per cent.
So far, Tesla has received around 8,000 reservations for the Model S; with the limited edition (1,000 models) Model S Signature already fully reserved for the US.
In addition, Musk outlined that the departures from the company had been misconstrued and that a “slight positive” had been turned into a “slight negative”. He said the executive team is confident about its areas of responsibility.
