Google News Canada (Canada), June 1, 2019, 11:49:34By Michael J. RauchBy Michael RauCHICAGO (Reuters) – Tesla Inc said on Tuesday it will add to its fleet of vehicles with more than 3,000 cars by the end of 2019, adding to a surge in sales of electric vehicles.
The company’s stock was up about 8 percent in afternoon trading.
The news comes as it prepares to start rolling out the new model models to customers this summer, and as it tries to attract more car buyers from other automakers that have long relied on traditional models.
Tesla said in a statement on Tuesday that it has now added more than 20,000 Model S vehicles to its lineup, the most of any U.S. automaker.
“We are working hard to accelerate our vehicle line-up to meet the demand of the market and we have more Model S and Model X vehicles in the works,” the company said.
“In the meantime, we continue to be very excited about the upcoming launch of Model 3.”
Tesla said it plans to add more than 100 new vehicles in 2019, more than any other U.T.A. company.
It also expects to add 1,000 new cars to its line-ups by the middle of 2020.
Tesla has said it is building its Model 3 battery technology into all of its new vehicles and expects to be profitable within a year.
Tesla, which has sold more than 300,000 electric cars in the United States, has said that it will begin selling cars with electric motors by the first quarter of 2021.
It is also looking to expand its electric vehicle sales by selling cars to people in emerging markets where electric vehicles are more common.
The new model cars, which will be offered in a variety of capacities, are the latest in a long line of models that Tesla has introduced, including the Model S sedan and Model 3 crossover.
Tesla also has plans to make its batteries more energy efficient by using energy-efficient batteries that are made from a material called graphene.
Graphene is one of the world’s strongest materials, and the material has been used to make cellphones, computers, and other electronic devices.
The lithium-ion battery industry has struggled in recent years because of a shortage of battery packs and other parts for electric vehicles that make use of a rechargeable battery.
The Tesla Model 3 sedan and the Tesla Model X crossover, both of which use a similar battery technology, are expected to be available this summer.
Tesla said it has sold 10,000 of those vehicles to date.
Tesla is also working on a new version of the Model X, a crossover with more space for passengers and a bigger range of options.
The Model 3 will be available in all-electric trim, including all-wheel drive, starting at $37,000.
Tesla plans to sell it to consumers in mid-2019.
Tesla was founded in 2005, and it has since sold more, but still sells less than half of all of the cars it sells.
The stock price has risen from a low of $24.25 on Jan. 19, 2015, to a high of $36.50 on Tuesday, according to data compiled by FactSet.
The Dow Jones Industrial Average was up more than 10 percent at 26,098.47, the S&P 500 was up 1.2 percent at 2,897.62, and Nasdaq composite was up 2.7 percent at 5,963.19.
(Reporting by Michael J RauChicago in Chicago; Editing by David Gregorio and Michael Perry)