Plug-in sales have failed…to reach the milestone of 200,000 units. Total US sales for 2017 were 199,826 (according to InsideEVs), a 26% increase compared to 2016’s 158,614. Worldwide sales were well over a million. December saw the biggest US monthly sales in history, and was the 27th consecutive month that sales were greater than the… Read more »
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Tesla Model 3: Will this machine kill the Oil Age?
It’s hard to overestimate the importance of the Tesla Model 3 (although the media has been doing its best). There’s no question that it’s a momentous motorcar on (at least) three levels. First, Model 3’s success is widely assumed to be an existential issue for the company – if it fails to deliver on its… Read more »
More details emerge about the Tesla Model 3 powertrain
Tesla’s Model 3 is finally taking to the roads, and the rave reviews are taking to the internet (most of them based on little more than a short test drive at the launch event). Tesla gave us a good bit of information about the new EV at that event, but it’s revealing some of the… Read more »
Details of Tesla Model 3 continue to trickle out
As the long-awaited delivery date for Model 3 draws closer, more details of the world’s most anticipated vehicle are slowly coming to light. Production is to start in July, and Elon Musk has said that deliveries will begin in July as well – probably with a ceremonious handing-over over of keys to a handful of… Read more »
Tesla earnings report shows progress, but stock market is unconvinced
As expected, Tesla’s Fourth Quarter & Full Year 2016 Update depicts steady progress toward the company’s ambitious goals. Compared to Q4 2015, almost all the numbers are soaring. Vehicle deliveries are up 27%, gross margins are up 110 basis points, and revenue is up 88%. Of course, expenses are way up, but losses are down,… Read more »
Tesla Q2 earnings: Continued losses, but steady progress
As expected, Tesla posted a larger-than-expected loss for the second quarter of 2016. The company’s plans to revolutionize several more industries are proceeding nicely, even as it stays resolutely focused on achieving the fastest production ramp-up in the history of the auto industry. If that sounds a little crazy, well, these are crazy times. Stock… Read more »
Tesla earnings report highlights critical importance of ramping up production
The latest Tesla earnings report followed the usual pattern: large losses today, but plenty of potential tomorrow. The Messiah of the Motor Industry reported revenue of $1.21 billion for the 4th quarter of 2015, and $4.05 billion for the full year, both healthy increases over the previous periods. Tesla delivered 17,478 vehicles in Q4, including… Read more »
Analyst: Tesla will reduce battery cost 50% by 2020
There’s a lot of future potential baked into Tesla’s stock price, but many stock pundits believe it’s headed even higher. Jefferies analyst Dan Dolev recently raised his price target for TSLA to $365.00, based on his belief that the company will be successful at lowering battery costs, and that this will improve its gross margins…. Read more »
Tesla: cost of providing Supercharging “immaterial”
Stock-market pundits are all over the map when it comes to Tesla. One recently predicted that the EV-builder’s stock price is poised to double, thanks mostly to a new Uber-like business that, so far, exists only in said pundit’s writings. Another insists TSLA is heading for a crash, claiming that the company loses money on… Read more »
Elon Musk vs the LA Times: Yes, Tesla has benefited from government incentives. And?
The LA Times recently ran a “now it can be told” article highlighting the various government subsidies and incentives that benefit Tesla and Elon Musk’s other companies, SolarCity and SpaceX – a total of about $4.9 billion by the Times’ reckoning. Certainly Tesla, like many other energy companies and automakers, has benefited from a wide… Read more »