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Another 50 vehicles set to be produced in the next 2 to 3 weeks

Tesla Motors has reached an interesting milestone for its popular Model S EV. Tesla CEO Elon Musk announced that the company has produced its first 50 Model S luxury sedans. Musk also notes that Tesla will accelerate the output of the Model S each week to meet its target of delivering 5,000 Model S EVs this year.  
"The ramp-up is continuing and we are getting a lot of invaluable information from having all these cars on the road," said George Blankenship, Tesla's vice president of sales. "We have already logged more than 39,000 miles on the first 50 cars."
The Model S entered production in Fremont, California on June 22. Since then, Tesla has constructed 29 cars destined for customers and 21 cars that will be used at stores for loaners and test drives. An additional 50 vehicles will be constructed within the next two to three weeks.

Tesla currently has orders for 12,200 Model S EVs that have a starting MSRP of $57,400 before any applicable state and federal tax credits/rebates are applied. Initial production of the Model S is limited to more expensive versions with an MSRP of around $100,000.
The Tesla Model S has EPA efficiency rating of 89 MPGe and a 265-mile driving range using the EPA five-cycle testing procedure.
Recently, Tesla posted a decline its revenue of $26.7 million. The company is looking to the Model S to help it become profitable this year.

Source: SF Gate

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It's outselling Ford...
By wordsworm on 8/6/2012 12:54:27 PM , Rating: 3
I do believe that Tesla is outselling Ford's own attempt at getting into the electric motor.

It's hard to believe how much Elon Musk, an African-American immigrant, has done. It'll be interesting to see when the low end version of these models comes out.

RE: It's outselling Ford...
By WalksTheWalk on 8/6/2012 2:02:14 PM , Rating: 3
It sounds good, then you realize they received $465M in US Government funding and could not stand on their own. The Tesla company is one production issue away from going out of business.

Not to pick on just Tesla, Ford and Nissan received a bunch of government funding for their EVs too. Welcome to the big-government bailout century. I'm speaking about the past 100 years or so, of course.

RE: It's outselling Ford...
By Carney on 8/6/2012 2:32:45 PM , Rating: 1
Even the founding father of free market economics, Adam Smith, supported subsidies for sail cloth to prevent Britain from being dependent on its enemies for that era's source of strategically vital transportation motive power.

Jeering EVs because we are wisely speeding up the process of market acceptance of post-oil transportation tech is foolish.

Newsflash: OPEC permanently and unfixably controls the world oil market and its member regimes are either openly hostile to us in the War on Terror or play a sinister double game.

RE: It's outselling Ford...
By Paj on 8/7/2012 7:30:47 AM , Rating: 2
Plenty of industries couldn't survive without government support. Like just about every farmer in the EU and the US.

RE: It's outselling Ford...
By Reclaimer77 on 8/6/2012 2:15:21 PM , Rating: 1
What the fuck are you talking about? You must be referring to some completely different company called "Tesla", because this one isn't doing anything without huge sums of Government cash, can't post a profit, and a whopping production run of 50 units isn't anything to write home about.

RE: It's outselling Ford...
By Carney on 8/6/2012 3:53:08 PM , Rating: 2
Just because Tesla hasn't posted a profit yet doesn't mean it can't post a profit. Tesla never planned to be profitable at this stage. Only once it begins to ship Model S's in large quantity will revenues begin to outpace expenditures. Most businesses large and small need to lose money for a while as they get established and pay off R&D, setup costs, capital outlays, etc, before they become profitable. That's true regardless of whether they qualify for special, government backed loans to help speed up next-generation energy, or not.

RE: It's outselling Ford...
By Reclaimer77 on 8/6/2012 4:04:08 PM , Rating: 3
There's VERY little demand for the product, so I don't see how Tesla is ever going to be the Juggernaut you claim.

Just admit it, the general consumer doesn't want electric vehicles. It's great that for half a billion plus in taxpayer money, Tesla could produce something new and snazzy for all the Leonardo DiCaprio's out there to show off. But so what?

RE: It's outselling Ford...
By Carney on 8/6/12, Rating: 0
RE: It's outselling Ford...
By Spuke on 8/6/2012 7:32:29 PM , Rating: 2
If modest and reasonable subsidies and loans help us speed up the process of weaning ourselves from jihad juice, I say go for it, and speed up the pace.
My only issue with gov subsidies is giving them when we have no money to spend. The gov should be figuring out how to pay down debt, not get us deeper in it. Oil prices spikes simply raise the cost of living, The fed crashing and burning has FAR greater consequences. Also, these EV subsidies are as knee jerk reactions to current price spikes. Long term fixes are NOT being worked on at all. 50 cars does not a revolution make especially at their current price points. If the automakers want to throw a fews losers out there to test public reaction or interest, that's fine by me but a broke government should NOT be supporting that.

Quite frankly, I'd rather use up all that Mid East oil before we touch a teaspoon of ours. That IS good national security. My problem with the Mid East (and other international "interests") is we don't need to be there at all, period. But then I have a fundamental problem with US foreign policy.

RE: It's outselling Ford...
By Jeffk464 on 8/7/2012 1:10:08 AM , Rating: 2
I think most economists would suggest that governments save money in good times and fund stuff like this in bad times, aka stimulus. The problem is during the good times our government still deficit spends.

RE: It's outselling Ford...
By wordsworm on 8/6/2012 4:01:08 PM , Rating: 2
Tesla: the one run by the African-American, Elon Musk. That's the guy who made money from PayPal and reinvested his fortune into Solar City, SpaceX, and Tesla.

You might note that each of the companies that he's a part of, today, is an attempt at solving serious problems: dependence on foreign oil (not to mention environmental side effects), dependence on foreign rockets, and solving the energy crisis that the US is facing through the use of solar panels.

He's one of America's greatest entrepreneurs, visionaries, and thus far the most important individual in this century.

Did that help you identify who I'm referring to?

RE: It's outselling Ford...
By Jeffk464 on 8/7/2012 1:08:06 AM , Rating: 2
Yup, I really give him points for getting into exciting projects rather than just going for the easy buck.

RE: It's outselling Ford...
By Jeffk464 on 8/7/2012 1:12:07 AM , Rating: 2

That's why I always thought the earlier term "Afro-American" was more accurate. For some reason it didn't last very long.

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