Tesla vows to ramp up production in response to Model 3 order surge

BusinessGreen staff
clock • 2 min read

Elon Musk said company expects to produce 500,000 vehicles by 2018, as pre-orders for new electric sedan top 325,000

Tesla has reportedly received more than 325,000 pre-orders for its upcoming Model 3 electric sedan, each backed by a $1,000 deposit. Chief executive and founder Elon Musk provided an update for analysts...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

'EV charging divide': Government urged to make it easier for drivers without driveways to charge EVs

'EV charging divide': Government urged to make it easier for drivers without driveways to charge EVs

New EVA England survey and consultation response warn millions of households risk missing out on affordable home charging without urgent planning reform

clock 23 January 2026 • 4 min read
Formula E wins race to become world's first B Corp certified sport

Formula E wins race to become world's first B Corp certified sport

B Corp Certification recognises Formula E’s leadership in using sport as a force to drive positive change and clean tech innovation

clock 23 January 2026 • 2 min read
Octopus Electric Vehicles and Admiral Pioneer team up for affordable EV insurance offer

Octopus Electric Vehicles and Admiral Pioneer team up for affordable EV insurance offer

Companies claim new offer can save EV drivers taking advantage of salary sacrifice scheme up to £550 on insurance costs

clock 22 January 2026 • 2 min read