Tesla Boosts Model S Sedan Production to Meet Demand image

Tesla plans to boost production of the Model S sedan to 30,000 vehicles to meet the awaiting list that already stretches for 10-11 months.

Besides increasing production of the Model S Sedan to 30,000 units, Tesla also plans to raise money to develop other models, such as Model X crossover expected in 2014 and a smaller sedan code-named Gen III due out in 2015.

”Our key objective for the rest of the year is to ramp production with a focus on quality and to rollout the Model S experience to a broader audience through customer deliveries, test drives and store openings,” Tesla said in its second quarter 2012 shareholder letter.

Tesla CEO Elon Musk announced that the company expects sells of 5,000 Model S Sedans by the end of this year and around 20,000 in 2013, planning to add a second shift and increase production to 30,000 units annually. Among those on the waiting list are also VIPs and celebrities that require the automaker to be moved up the list, which includes around 12,200 customers.

The electric car-maker recently launched in the US a “Get Amped Tour of the Model S”, which will offer 5,000 test drives in 45 days. the company also made official its plans to open five more stores or galleries in North America by the end of this year.