Tesla On Track For 500,000 Annual Sales

A new report shows Tesla’s exponential growth is not slowing down, as the electric car brand gears up to reach a production target of 500,000 vehicles per year. 

According to analysts International Strategy and Investment, the Californian company is on track to achieve profit margins of up to 25 percent in coming years.

This would see Tesla overtake segment leaders like Porsche and Land Rover, who each enjoy margins of just over 15 percent.

Tesla's take looks set to grow even beyond that, with the report forecasting margins closer to 30 percent by 2020. This growth became evident recently, when Daimler sold its four percent share in Tesla for a significant A$891 Million.