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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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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
quote:
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.


"So if you want to save the planet, feel free to drive your Hummer. Just avoid the drive thru line at McDonalds." -- Michael Asher














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