The Truth About Tesla’s 2018 Target: 900% Production Hike Needed By Scalper1 | May 17, 2016 0 Comment Scalper1 News alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/RdjwcKtYf2E/tesla051716-2_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/RdjwcKtYf2E/tesla051716-2_sd.mp4 Loading the player… After the Model 3 received such a big response, Tesla Motors ( TSLA ) moved up its 500,000 annual unit build plan by two years to 2018. But just how much will Tesla have to increase its production to do so? In 2015, Tesla delivered 50,658 vehicles. That means it will have to increase production by 887% in just three years to meet that target. If CEO Elon Musk wants to deliver 1 million cars by 2020, that’s a production increase of 1,874%. For 2016, Tesla expects to deliver between 80,000 and 90,000 cars. By comparison, Ford ( F ) sold 231,316 vehicles just last month, while General Motors ( GM ) sold 259,557 in April. But CEO Elon Musk remains optimistic, and he has reason to be: The new Model 3 received nearly 400,000 orders in its first three weeks on presale. And Evercore ISI said last week that though Tesla’s 2018 production target is aggressive, it’s not impossible. Scalper1 News Scalper1 News Related posts: Will Tesla Model 3 Reveal Be More Exciting Than Apple Spring Event? Tesla Stock Continues To Lose Spark, Tumbles To 2-Year Low Will Tesla Suffer Same Fate As Other Citron Shorts GPRO, AMBA, MBLY? Tesla Motors Better Watch Out For This Competitor