Tesla to Boost Production 55 Percent
( 02:20 )
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Electric car maker Tesla zooms past earnings estimates and says it plans to ramp up production to 35,000 cars in 2014. That's a whopping 55 percent increase over last year. That sent shares skyrocketing to record levels in extended trading. Tesla, led by billionaire entrepreneur Elon Musk, said it will start selling its SUV Model X by year's end with deliveries beginning in the spring. And it will start delivering the Model S to China next spring.

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