Print 24 comment(s) - last by Mint.. on Feb 26 at 4:21 PM

Tesla is getting ready to ramp up Model S production for increased vehicle sales as well

Tesla Motors' financial earnings report for the fourth quarter 2013 was music to investors' ears as its loss shrank significantly and profits beat expectations.

According to The Wall Street Journal, Tesla reported a profit of $46 million (33 cents a share), which beat analyst forecasts of 21 cents a share.

Tesla's fourth-quarter loss decreased to $16.2 million, which is much slimmer than the $90 million loss a year earlier.  

More good news is that Tesla's vehicle sales rose to $610.9 million from $294.4 million a year ago. The Palo Alto, California automaker said it delivered 6,900 Model S electric cars globally in Q4.

Tesla sees Model S deliveries increasing to 7,400 in the first quarter, and hitting 35,000 total for 2014. This represents a 55 percent increase from 2013's overall sales. 
Helping sales is that production will ramp up to 1,000 vehicles a week this year compared to 600 a week right now, and sales will soon move into Europe and Japan as well. 

Like a boss. [SOURCE: Green Optimistic]

The Model S will be sold in China starting next month, and while Tesla isn't eligible for EV subsidies due to it being an import, Tesla sees the lower-than-expected EV subsidiary cuts as a good sign for green vehicle adoption in the country. China’s finance ministry said that subsidies would only be cut 5 percent this year, as opposed to 10 percent. In 2015, subsidies will be cut by another 10 percent as opposed to a previously planned 20 percent. 

Fourth-quarter gross margin was at 25 percent, but the automaker predicts that it will reach 28 percent for 2014. 

The pleasing financials sent Tesla shares up as much as 14 percent in aftermarket trading. 

Tesla has proven time and time again that being the small guy in the auto race doesn't mean coming in last. In May 2013, Tesla repaid its $465 million loan from the U.S. Department of Energy (DOE) nine years earlier than expected from the original 2022 due date. 
Last month, the automaker addressed a huge anxiety for potential EV drivers: electric range. It announced that Model S drivers could now drive from coast to coast without any doubt that they can find a Supercharger plenty of places in between. 

Tesla is even trying to fight auto dealers around the U.S. in order to sell its Model S on its own without any middlemen. Tesla CEO Elon Musk said he'd make the fight a federal case if he had to.

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Need an education
By Dorkyman on 2/19/2014 9:13:39 PM , Rating: 2
I read somewhere a few days ago (damn you, Internet! Where is that link?) that Tesla makes about $30,000 per vehicle due to energy credits, or car credits, or CO2 credits, or something like that. They apparently are able to sell these credits to other auto manufacturers.

Is this true? Has Tesla found a way to profitably "game" the system?

RE: Need an education
By Reclaimer77 on 2/19/14, Rating: -1
RE: Need an education
By hpglow on 2/19/2014 9:57:24 PM , Rating: 4
You heard it on talk radio so it must be true.

Without huge sums of public money and tax bailouts, they would be nowhere.

As would everyone but Ford. So you guys expect us to believe that Tesla charges $70k for this car and gets $30k in subsidies and still turns a loss? As usual Reclaimer you are so full of crap the whites of your eyes are turning brown.

RE: Need an education
By Reclaimer77 on 2/19/14, Rating: -1
RE: Need an education
By boeush on 2/19/2014 10:42:24 PM , Rating: 1
if you fanbois had a shred of credibility, you would not only acknowledge this, but condemn it.
What the... WHY?

That's the entire freaking POINT of carbon credit schemes the world over: to push industry toward less-polluting technologies by finally adding the externality COSTS back into the respective products, and thereby finally allowing MARKETS to actually work, for a change!
California's carbon credit scheme is nothing but a manipulative market scam
No, what is actually a manipulative market scam, is allowing polluters to pollute without bearing the costs of the pollution. There's this fanciful Libertarian notion that somehow the damaged parties affected by pollution will, through legal recourse, impose discipline on the perpetrators, and therefore the potential perpetrators would either police themselves or go out of business and voila it's a beautiful world. In practice, that rarely if ever actually works -- and in the case where the damage is diffuse and delayed by decades, it just plain CAN'T work, unless serious changes are made to statutes of limitation and other various laws. Markets don't work on deferred effects that are decades into the future; markets only work in the here and now, which is the world view of a toddler , not of a mature adult.
If this doesn't make you sick, something is mentally wrong with you.
What should make you sick, is that under the Laissez Faire system there are lots of products and industries out there that reap benefits while FOISTING externality costs upon everyone else, including you, and worse: generations yet unborn -- and quite regardless of whether you or any particular person ever used, now uses, or will ever use those products.

RE: Need an education
By Reclaimer77 on 2/19/14, Rating: -1
RE: Need an education
By boeush on 2/20/2014 1:15:40 AM , Rating: 3
Get back to me when you return to reality and/or graduate from kindergarten...

RE: Need an education
By Mint on 2/20/2014 3:19:48 AM , Rating: 1
Who said anything about carbon?

Pollution's effects on health are real, and estimated at 200k premature deaths per year:
Vehicles are responsible for over a quarter of that.

What's more is that your whole rant is entirely baseless for this quarter:
The company had $615 million in revenue on a GAAP basis, up 43 percent from the third quarter ($761 million in non-GAAP revenue), which included $15 million of revenue from regulatory credits, but no revenue from the sale of zero emission vehicle (ZEV) credits.

If you had an ounce of honesty in you, you'd acknowledge that you were wrong in saying, "This is how Tesla makes a profit. NOT from auto sales", but of course you don't and take pleasure in spreading misinformation and lies to the world.

RE: Need an education
By Kaisha on 2/19/2014 10:56:11 PM , Rating: 2
Well said Boeush.

RE: Need an education
By idiot77 on 2/19/2014 11:28:04 PM , Rating: 2
I changed my user on DT just for him.

Carbon credits were actually the right wing version to address environmental issues because it made more sense than trying to regulate everything.

It was actually a good thought and was adopted by the left. Then like all things including the healthcare mandate, they abandoned it because tools like Reclaimer listen to Rush nonstop.

RE: Need an education
By Reclaimer77 on 2/19/2014 11:37:42 PM , Rating: 2
I changed my user on DT just for him.

Way to not give me the power lol.

Shows how immature and childish you are, not any reflection on me. Hope you know that.

Carbon credits were born of the Kyoto Protocol! How in the hell is that "right wing"?

RE: Need an education
By Spuke on 2/20/2014 12:01:11 AM , Rating: 2
Wait, you guys don't think carbon credits are a scam? Really? Not even my left wing buddies support carbon credits. I'm shocked that anyone here thinks they're ok. Sigh.

RE: Need an education
By boeush on 2/20/2014 2:29:52 AM , Rating: 2
So carbon credits allow too much pollution at the start, are handed out too liberally, don't cut down on pollution rapidly enough, and in general could be done better. Sure.

Luckily, we have the alternative, which is...

Oh that's right, nothing at all.

RE: Need an education
By Reclaimer77 on 2/20/2014 9:32:01 AM , Rating: 2
Except carbon credits don't lower pollution idiot. They never have!
All they do is redistribute wealth.

RE: Need an education
By boeush on 2/23/2014 6:52:14 PM , Rating: 2
Gee whiz, let's see here. Carbon credits redistribute wealth from high-emitters to low-emitters. Which economically disadvantages high-emitters, while giving an advantage to low-emitters. In effect, high-emitters are forced to pay for their high emissions. Oh, and over time while population grows and economies develop, the amount of carbon credits in any given market remains fixed -- or possibly even slowly drops (depending on the details of the particular scheme.) That gradually alters the supply-demand balance, driving up the price of those credits. The Market does the rest.

With the above in mind, what's the expected outcome:

a) no change in ratio of high-emitters to low-emitters

b) growing proportion of low-emitters over time

c) growing proportion of high-emitters over time

You have three guesses, because you're clearly incapable of getting it right in one (or two)...

P.S. A couple of decades ago, a very analogous approach was adopted for acid rain emissions:

Your homework assignment is to read and report on the success or failure of that other wealth redistribution scheme.

RE: Need an education
By Mint on 2/20/2014 3:48:54 AM , Rating: 2
Where did you pull that from? Your joke of a memory?

$68 million was in Q1 2013, not last quarter, and it was the total from all ZEV credits sold, not just to Honda. In the latest quarter, they sold no credits.

Every automaker is free to sell EVs (or take other emissions reduction initiatives) of their own to avoid paying for credits. They choose not to do so. They're also free to set higher prices in California to pay for the credits and to anger consumers into repealing the law.

It hasn't happened, mainly because we're talking about pretty small sums in the grand scheme of auto sales. You just enjoy being a drama queen.

RE: Need an education
By Reclaimer77 on 2/20/2014 9:17:35 AM , Rating: 2
So I was a year off. So what? It still happened and its still unnaceptable.

Its cronyism. Tesla lobbied California to create an extortion carbon credit scheme that specifically favored the company. Admit that at least.

Also Hondas Hydrogen Civic is thirteen times greener than the Model S, a true zero emissions vehicle. But you think its fair they get punished because they didn't go with EV's?

You're a socialist scumbag man, I tell you.

RE: Need an education
By Mint on 2/26/2014 4:21:04 PM , Rating: 2
More fairytales by Reclaimer. What else is new.

I need some proof about Tesla lobbying for carbon credits. I can't find anything from Google.

Honda has never made a "Hydrogen Civic". Are you talking about the FCX Clarity? That got a $12,000 federal tax credit, and IS classified as a ZEV by CARB. Honda hasn't even made 100 of them over the years, because they cost $100k+ to make.

RE: Need an education
By flyingpants1 on 2/20/2014 3:32:24 AM , Rating: 2
Here's your education, straight from the Q4 2013 Tesla Motors shareholder letter.


•Q4 auto gross margin of 25% with no zero emission vehicle (ZEV) credit revenue

Q4 sales also included $15 million of regulatory credits revenue, but no zero emission vehicle (ZEV) credit sales.

For the quarter, non-GAAP revenue was $761 million, up 26% from Q3. GAAP revenue for Q4 was $615 million, up 43% from Q3.

The people on this site are really amazing.

RE: Need an education
By Rukkian on 2/20/2014 9:53:56 AM , Rating: 3
If it comes from Tesla, it must just be left-wing obama drivel. Facts are meaningless, haven't you figured that out yet?

RE: Need an education
By DukeN on 2/20/2014 10:38:37 AM , Rating: 3
Yeah! Benghazi, and and uh, maverick! Oh and Benghazhi benghazi benghazi! #neverforget

RE: Need an education
By Reclaimer77 on 2/20/2014 12:15:36 PM , Rating: 2
I like how you're making a joke out of Americans who were intentionally abandoned by their own country and left for dead.

Stupid goddamn kid. You're a disgrace.

RE: Need an education
By DukeN on 2/20/2014 4:35:54 PM , Rating: 2
You must be talking about the 280+ Americans that died in Beirut in 1983?

RE: Need an education
By Reclaimer77 on 2/20/2014 4:44:12 PM , Rating: 1
Real relevant to Benghazi....

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