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Tesla investor says selling 500,000 EVs in 2020 is totally doable

Tesla Motors may make good on chief Elon Musk's claim of selling a half-million vehicles a year by the end of the decade, Motley Fool says. Of course, the author of the Foolish report in question owns Tesla shares but, now that we've gotten that out of the way, let's check out the logic. Tesla moved almost 22,500 Model S vehicles last year and it was the best-selling plug-in vehicle in the US during the fourth quarter. The company expects to sell about 35,000 this year but the rate of global sales could be double that by the end of the year. From then on out, it's all about economies of scale, with demand mushrooming overseas, costs dropping as a result of the company's slated "gigafactory" and the introduction of the $35,000-ish Model E by 2017. Add it all up, and you can get to 500,000 EVs a year, the Fool says. Late last month, Tesla disclosed details about its gigafactory, saying it will be fed by sun- and wind power, will employ about 6,500 people and will produce those half-million battery packs a year. Between the company and its partners, as much as $5 billion will be invested in the plant, which is slated to be somewhere in the southwestern US (but not in its native California). To put those projected half-million vehicles in perspective, let's look at the unquestioned champion of the green car movement for the past decade, the Toyota Prius and its many Toyota and Lexus gas-electric siblings. It's taken many years to get to this point, but Toyota can now sell about a million hybrids around the world in nine months.

Norwegian winter proving too much for some Tesla charging cables

Polar vortex 1, Tesla Model S 0? Possibly. Norway is certainly a long way from the sunny California climes where the luxury electric vehicle is made and, while the cars are popular in that country, the country's cold weather is creating problems for car owners, the Norwegian website News in English reports. As winter has set in, a number of Model S owners are reporting charging problems. One driver was stranded with a dead battery on Christmas Eve, while others have said Tesla's recharging cables are having a hard time holding a charge when the temperature gets substantially below freezing levels. Tesla has acknowledged that Norway has a different kind of electric grid than the US (and not just because it's 99 percent hydro-powered) that could be causing the problem. The company has reportedly sent Norwegian owners country-specific updates for the on-board recharging software. Once charged, the Model S works just fine in Norway. In this December video, posted by Norwegian Model S owner Bjorn Nyland, a Model S manages to drive for about 233 miles on a single charge in temperatures that reached only about 21 degrees Fahrenheit, and even then the car had about another 25 miles worth of juice left. Tesla has been well-received in Norway in part because of extensive government incentives as well as perks such as bus-lane access and free parking.

Tesla could make 800 Model S EVs a week by late 2014

Tesla continues to impress, with high demand pushing the small, California-based company well beyond its initial projections of 400 Model S EVs per week. According to Tesla CEO Elon Musk, "We're above 400 a week at the current manpower, and not trivially above it." If things continue at the current pace, Tesla's Fremont, California factory, former home of the General Motors/Toyota NUMMI facility, will be pumping out 800 cars per week by late 2014.
That number will eventually come to include the Model X SUV and a smaller, more affordable alternative to the Model S. There's even chatter of a compact SUV, according to a story from Bloomberg.
Even if Tesla produces 800 cars per week for an entire year, the company hasn't even approached the maximum capacity of its Fremont factory. The NUMMI facility was producing 500,000 units per year during its glory days. And while that number is still far off for Tesla, Musk claims it'll happen eventually. "We going to have every kind of car you could possibly imagine. If it moves, we'll make it."