Regarding the market’s concern about Tesla’s ability to ramp up production, first generation cars will always run into issues on the assembly line. Here’s how it works: The production line is run at maximum output, building cars at a rapid rate and then it’s shut down to inspect the vehicles for any flaws. The manufacturing process is then retooled to fix any problems that have been uncovered after which the production line is turned back on, and it’s running at full capacity again. Production may be slow for the first few months, but once a flawless run has been achieved, you can expect an instantaneous ramp-up, not a slow gradual one. Thus, while I do anticipate delays, all the bugs will be worked out such that Tesla will be able deliver 500,000 vehicles a year by 2018 – as long as the batteries are available. This is a key uncertainty as batteries remain in short supply.