Tesla Tries to Speed up Production

By October 25, 2016Executive Hotline

Elon Musk’s Tesla Motors Inc. is looking to fund faster production of its more affordable Model 3 sedan by selling $2 billion worth of stock, the Los Angeles Times reports. The company plans to begin produce up to 500,000 cars a year at its factory in Fremont, Ca. by 2018, two years ahead of earlier estimates.