Tesla's (TSLA) Musk Sees Production, Sales Ramping to 200K Annually in Next Few Years

June 26, 2013 9:13 AM EDT
Tesla Motors (Nasdaq: TSLA) is up in early trading Wednesday following more commentary from CEO Elon Musk made recently.

According to Germany's Auto Motor & Sport magazine, Musk has plans to sell around 200,000 units per year within three or four years. The company plans shipments of about 20,000 units in 2013.

Musk sees Tesla currently moving into its "third growth phase," which will lead to significant declines in sales prices along with a boost in overall shipments.

Early Wednesday, Tesla is up 1.3 percent.

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