Tesla production up 64 per cent in 2016

Image: Bloomberg News

Tesla’s production increased to 83,922 vehicles last year, up 64 per cent, though delivery targets for the last quarter were missed, with the company blaming “short-term production challenges”.

AFP reports that 2016’s production was up 64 per cent on the year before. Of the 24,882 vehicles produced in the last quarter of the year, 2,800 were not delivered. The company put this down to production being weighted towards the last part of the quarter, related to installing new autopilot hardware, reports The Wall Street Journal.

The electric car company aims to increase annual production sharply in coming years, to 500,000 by 2018 and 1,000,000 by 2020.