Tesla Motors Building Over 400 Model S EVs Per Week
July 11, 2013 4:51 PM
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The company hopes to reach the goal of building 800 Model S' per week by late 2014
Tesla Motors set a goal to build 400 Model S sedans per week, but in Tesla-like fashion, the automaker has already blown past that number.
Tesla CEO Elon Musk reported that Tesla is now producing over 400 Tesla Model S' a week without giving an exact number. He added that Tesla's Fremont, Calif. factory has 3,000 employees, which consists of about 2,000 assembly workers.
"We're above 400 a week at the current manpower, and not trivially above it," said Musk.
Musk estimates that his company will sell between 20,000 and 21,000 Model S' this year. He also mentioned that he hopes to reach the goal of building 800 Model S' per week by late 2014.
It seems like there's nothing Tesla can't do. In May, 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.
Just last month, the automaker won a huge victory in the
battle against auto dealers
when a North Carolina House committee denied a bill that would block Tesla from being able to sell its vehicles directly to the public.
Tesla was also successful in other states, such as
, where a pair of bills (referred to as A07844 in the Assembly and S05725) tried to make it illegal to license -- or even renew licenses -- for all Tesla Stores within New York state borders. The bills were killed off last month as well.
For Q1 2013, Tesla reported a net income of $11.2 million (a huge increase from an $89.9 million loss in the year-ago quarter). Excluding certain items, Tesla's profit came in at 12 cents a share, which was a boost from a loss of 76 cents a share in Q1 2012. Analysts expected a profit of about 4 cents a share. Revenue also saw a huge year-over-year boost, totaling $562 million (up from $30.2 million in the year-ago quarter).
Tesla hasn't mentioned when it will release second-quarter results.
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7/12/2013 9:14:38 AM
The entire concept of patents is that these technological innovations are now in the public domain. The government grants you a period of exclusivity for sharing your idea with the public.
"A patent is a set of exclusive rights granted by a sovereign state to an inventor or their assignee for a limited period of time, in exchange for the public disclosure of the invention" -wikipedia
So if Tesla indeed patented anything with government money, it was consistent with the goals of the patent system to begin with, that is, to supply improved technologies into the public domain.
That said, I don't necessarily disagree with anything else you've said. The government providing funding to a company of Tesla's size is certainly a grey area in my mind. I strongly believe in programs to help start-ups get off the ground such that they can develop their technology to the point of attracting investors, this greatly enhances innovation. On the other hand massive loans to scale up manufacturing is another thing; however, in the end, Tesla used the money to bridge a period of uncertainty and gain multitudes of investors - striking many similarities with my start-up example.
While there is risk in the dollars invested by the government in start-ups or larger companies like Tesla, there is also an opportunity for massive gains to the public domain (patents, jobs, ect.), but there are those who view any risk an unacceptable use of their tax dollars. There is no right answer, everyone will have their own opinions as surely as everyone manages their own budget differently.
"There's no chance that the iPhone is going to get any significant market share. No chance." -- Microsoft CEO Steve Ballmer
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