Tesla's annual output is still expected to reach 500000 vehicles this year, and the capacity utilization rate is about 72%.

SMM: according to an internal email, Tesla CEO Elon Musk told employees that the company is still expected to produce 500000 cars this year. According to investor data updated by Tesla in the second quarter, Tesla currently has a production capacity of 690000 vehicles, so the annual production of 500000 vehicles means that its capacity utilization is 72 per cent. Tesla shares rose 3.6 per cent to $428.86 on the news.

Tesla's annual production capacity (Photo Source:: FT))

Tesla said in January that the company would easily deliver more than 500000 new cars in 2020. Despite the novel coronavirus outbreak, the company has not changed this forecast. "it will depend on the delivery results in the fourth quarter," Musk said in an email to employees. Please take whatever measures you can think of to increase the output (and improve the quality at the same time). "

This kind of email is very common in Tesla. Musk sends emails to employees every quarter, encouraging them to hint at production targets and potential new records.

Last week, Tesla announced that the company delivered a total of 139300 cars in the third quarter, an all-time high. However, the company's share price fell as some analysts questioned Tesla's ability to meet his ambitious annual targets. In order to meet the target of 500000 vehicles, Tesla will have to deliver 182000 vehicles in the fourth quarter.

At present, Tesla's delivery efforts are supported by the Shanghai Super Factory. In December, Tesla began delivering Model 3 models made at the Shanghai factory and said he planned to produce 150000 Model 3 cars at the plant this year.