The future of California-based Tesla Motors Inc depends on the speed with which the new Model S Sedan is delivered to customers.
Although the company reportedly has over 12,000 orders for the electric car, and the first car was delivered in June 2011, it must deliver 5,000 units before the end of this year if it is to survive.
Elon Musk, Tesla’s founder and CEO, told the National Clean Energy Summit in Las Vegas, Nevada, ‘The challenge that Tesla faces over the next few months is scaling production enough to achieve a certain gross margin on our product so we can be cash flow positive. That’s extremely important. If we’re unable to do that, we’ll enter the graveyard with all the other car company start-ups of the last 90 years.’
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