In an email to employees, CEO Elon Musk said it’s possible to hit their 500,000-vehicle target.

Tesla Inc will need to increase deliveries to nearly 182,000 in the fourth quarter to meet its half a million target for 2020 [File: Joe Skipper/Reuters]

Tesla Inc has a chance at producing 500,000 cars this year, CEO Tesla Elon Musk told employees, according to an internal email seen by Reuters News Agency.

The company’s shares closed at $425.30, up 2.73 percent.

Tesla said in January that 2020 vehicle deliveries should comfortably exceed 500,000 units, a forecast the company has left unchanged despite the COVID-19 pandemic.

“This all comes down to Q4. Please take whatever steps you can think of to improve output (while increasing quality),” Musk

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