Elon Musk urges Tesla employees to boost year-end output due to 'demand problem'

Elon Musk recently said that demand for Tesla vehicles is so high that production needs to increase as much as possible for rest of December. According to Bloomberg, Musk sent an email to workers on December 11, encouraging m to push output to maximum during holiday season. This year, Tesla had set a target of delivering 500,000 cars and if target is completed, it would be a major milestone for Palo Alto, California-based maker of electric vehicles and clean-energy products. 

Musk in email had written that Tesla is “fortunate to have high-class problem of demand being quite a bit higher than production this quarter”. He urged his employees to send him a te directly if y see ways to improve output, but feel that ir voice is t being heard. 

According to reports, Musk’s company earlier had said that it would meet its goal of delivering half a million cars worldwide this year. w, Tesla needs to deliver more than 181,000 cars in last three months of year to hit that mark, which would be a 30 % jump over previous quarter. push will depend on increased production at its Shanghai factory and higher output of its Model Y, which is newest car in its lineup.

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Tesla’s profit in 2020 

Meanwhile, this year, amid COVID-19 pandemic, Tesla’s stock spiked almost 52.4% contributing to Musk adding over $100 billion to his wealth. Tesla CEO Elon Musk surpassed Microsoft co-founder Bill Gates earlier this week and became world’s second-richest person with net worth soaring from $7.2 billion to $127.9 billion.  

Outside of Tesla, Elon Musk also oversees X, his exploration firm that recently made historic launches including missions in collaboration with NASA. He is also far of six and chairman of Musk Foundation which is an organisation that supporters research into renewable energy along with humans in . Just last week, Tesla was accepted into S&P 500 and is set to join index next month. 

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