Tesla Seeks To Modify Model S

Tesla Motor expands its operation to achieve its target of selling 55,000 vehicles in FY15.

Tesla Motors Inc. did not receive a good response over its Model S Electric car where its sales have been fairly slow. However, the company has now decided to upgrade its technology in order to make the user experience more pleasant. The company wishes to equip the car with a more powerful battery, a heftier price tag and an all-wheel drive.

The reason behind this upgrade is that the company has set a target for 2015 according to which they have to increase sales by the end of this year.

In the first quarter, it has been reported that Tesla Motors sold over 10,300 cars. However, the company at this stage needs to gain momentum where it needs to achieve a target of 15,000 vehicles in Q1 in order to achieve the target it has set to sell 55,000 units.

The launch of a new base model can act as a catalyst to surge Tesla sales. This will be extremely important for them since the Model X will make its way by the second half of 2015 so till then this upgrade will attract buyers for the company.

According to sources, Tesla Motors has decided to immediately halt the sales of Model S priced at $71,000 equipped with a 60 kilowatt battery that acts as a signature model for most of the cars tenure. However, the new product will be priced $4,000 higher than its predecessor.

Tesla Motors at this point of time is on a pretty inconsistent stage where the company is not able to come up with a massive breakthrough. This is not only affected their overall performance, but Tesla stocks have also suffered because of the same reason. The spinoff is required at this stage to overcome the calamity the company is experiencing at this stage.

The company has a massive target to achieve in a fairly short span of time. Selling 55,000 vehicles in 2015 is certainly a big target to achieve but it will not be so difficult for them since they have certain mega projects in the pipeline that can change the game for them. One of the company’s massive projects is the autonomous car venture that is likely to make its way this year before any other firm could make it possible. This will certainly attract buyers and would help he company to achieve its target.

The company is on the verge where it will make or break its future in the automotive sector. If it remains focused then it will pave its way to glory with ease.