Elon Musk has held out the prospect of Tesla achieving “a few million” in annual car sales by 2025, even as reports of a slowdown in China sales sent shares in the electric car company down more than 7 per cent in after-hours trading.
Speaking at an event on the sidelines of the Detroit motor show, the co-founder of the Californian group also said that he believed Tesla could achieve profitability by the end of the decade, as it seeks to prove that the economics behind electric vehicles can work.
“Our mission is fundamentally to transition the world to electric cars,” said Mr Musk. “So if we don’t make a lot of cars, we’re not doing the best that we can.”
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