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The company is also adding new Tesla Stores and Superchargers around the U.S.

Tesla Motors is greeting the new spring season with plenty of Model S-related news, including its achievement of more than 500 deliveries per week

"Over the past few months it’s been fun to watch the company achieve new milestones," said George Blankenship, VP of Worldwide Sales and Ownership Experience at Tesla. "First it was the factory ramping up to full production in December. During the past three weeks we have averaged more than 500 Model S deliveries per week, and it looks like we’ll be setting another record this week.

"With all these new cars on the road, it’s fun to watch as Model S racks up the miles. Model S drivers have traveled more than 12 million miles since deliveries first began. That’s a lot of CO2 emissions saved! And how are things going in California? Well, today we registered our 3,000th Model S in the Golden State. That pretty much says it all!"

Blankenship's post on Tesla's blog also mentioned a few other tidbits, such as the opening of new Tesla Stores in the Los Angeles area and Miami (as well as more service centers across North America and Europe throughout 2013); the addition of more Superchargers around the U.S. in places like the Pacific Northwest, Illinois, Texas, Florida, the Northeast and California, and the fact that the Model S is now officially a World Car.

Tesla has had some rough patches lately, such as issues with a journalist from The New York Times, who took a test drive this winter and reported a horrific venture. More specifically, he said that the Model S didn't have the range Tesla said it did, and ended up on a flatbed truck at the end of the trip. Musk and the NYT journalist (John Broder) ended up feuding over the matter.

But Tesla and its CEO Elon Musk is turning that luck around with predictions of being profitable in the first quarter and by vowing to pay off its $465 million government loan within five years. 

However, one recent hiccup is a delay to production of the Model X
Tesla had hoped to begin production of the vehicle this year, but those plans have been put off until late 2014 (meaning deliveries will likely be pushed to 2015). 

Source: Tesla Motors

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That is actually not good.
By jmarchel on 3/25/2013 11:45:55 AM , Rating: 2
Tesla does not have any mass market product to cover develolment costs for the niche car. 500 cars a week even if sustainable for entire year is only 25,000 cars a year which makes it a niche product. This is not enough to fund development and tooling for the next car. They will need taxpayer help forever with this kind of sales. No automaker that makes less than 1,000,000 cars a year will survive alone for a long time. The industry is that competitive and it has so many fixed costs that are associated with developing new cars. With cars that have so much unproven technology it is even higher. Even Rolls Royce with cars that were sold at much higher price point could not survive alone with similar production runs.


RE: That is actually not good.
By Cheesew1z69 on 3/25/2013 2:39:17 PM , Rating: 2
Does Lambo and Ferrari make a million a year? They survive just fine.

RE: That is actually not good.
By Nutzo on 3/25/2013 4:46:23 PM , Rating: 2
And how much does a Ferrari cost?

Not exactly priced for the mass market.

RE: That is actually not good.
By snhoj on 3/27/2013 10:06:33 PM , Rating: 2
Lamborghini was bought out by the Volkswagen group and Ferrari by Fiat so they haven't survived as independent producers. I don't know for sure but I think Lamborghini's have some mechanical components in comon with some Porche and Audi maybe even platforms.

RE: That is actually not good.
By snhoj on 3/27/2013 10:58:02 PM , Rating: 2
Lamborghini Gallardo and Audi R8 share a common platform. Ferrari 458 Italia shares it's motor with a Maserati and its gearbox with a Mercedes SLS AMG. Development costs are spread around.

RE: That is actually not good.
By flyingpants1 on 3/26/2013 1:16:02 AM , Rating: 2
You are making stuff up. Tesla's original target was 20,000 cars per year, now they are doing 26,000+ cars per year and demand is still rising, this is with practically no marketing strategy. Assuming the average car sold is $70,000, that's over $1.8 billion in revenue.

Elon Musk has stated he expects to see a 25% gross margin on those cars, so $17,500 per car on average ($455 million).

Maybe it actually won't be that much, but they will start turning a profit year after year. And they already have the technology for the next cars (Model X, Model E), they're just not being produced yet.

“And I don't know why [Apple is] acting like it’s superior. I don't even get it. What are they trying to say?” -- Bill Gates on the Mac ads

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