Tesla Motors has slashed production costs of its Roadster sports car by 43% to about US$80,000 per vehicle as of June, chief executive Elon Musk was quoted as saying on Monday.
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Tesla could be profitable as soon as next month, helped by demand for the Roadster Sport, Musk said, according to Reuters.
“Combined with a steady production volume of 20 to 30 per week in the third quarter this year and a good take-up rate of the higher priced Roadster Sport, we expect to cross over into profitability next month,” Musk said.
Tesla launched a $49,900 Model S four-door family sedan last March, saying it was the first highway-ready electric vehicle within the price range of most car buyers. Its Roadster sport vehicles typically sell for above $100,000.
Daimler last month paid about $50m for a 10% stake in Tesla.
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By GlobalData
