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THE ULTIMATE TEST DRIVE TESLA Nate Ellis | Store Manager UTC San Diego University Town Centre | 4545 La Jolla Village Drive D17 La Jolla CA 92122 p 858.558.1555 | Upon arrival at our venue, you'll be invited by Nate Ellis and his Tesla team to take a spin in a Model S. *Test drives must be conducted prior to entering the home. electric vehicle for “masses” priced at $35,000 and the next challenge for the company is to increase production capacity to deliver these orders. Nate will be giving away a Tesla for a day, PLUS a cool SWAG bag. TESLA has also brought in Audi’s Peter Hochholdinger who will join Tesla’s vehicle production division and work towards streamlining and improving current production and develop a manufacturing plan to meet the ambitious production goal. TESLA NEWS After receiving more than 350,000 pre-orders for its Model 3 sedan, Tesla Motors is planning to boost its annual production capacity to 500,000 vehicles by 2018. This is 10 times higher than the 50,000 cars Tesla delivered in 2015. To raise funds for this huge capacity expansion, the company plans to sell about $1.4 billion in stock. According to estimates, Model 3 is the most valuable segment for Tesla and while the company has generated enough demand for this vehicle, meeting production targets will be key for Tesla’s valuation.. Tesla received a better than expected response to its Model 3 sedan which was promoted as the LLSD | 5