Posted on 04/04/2015 9:42:47 AM PDT by Red Badger
Electric carmaker Tesla announced Friday it delivered a "record" number of vehicles in the first quarter, as it began more timely reporting of sales figures.
The California firm started by tech entrepreneur Elon Musk said it sold 10,030 cars in the first three months of 2015.
"This was a new company record for the most cars delivered in a quarter and represents a 55 percent increase over the first quarter last year," the company said in a statement.
Going forward, Tesla said it would publish the number of new car deliveries within three days of quarter end.
"We have decided to take this approach, because inaccurate sources of information are sometimes used by others to project the number of vehicle deliveries," the statement said.
The statement noted that "this is only one measure of our financial performance and should not be relied on as an indicator of our quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles."
While Tesla produces relatively few vehicles, it has become a star in the sector due to keen demand and a reputation for high quality.
The company currently produces its luxury Model S, costing upwards of $69,000 but it is planning new vehicles including a more affordable model.
Last year the group sold some 55,000 vehicles.
Tesla has offered to allow rivals to use its patents for free in an effort to boost the electric car sector, and has made efforts to improve the range of the vehicles to ease concerns that they could lose power without a nearby charging station.
Earlier this week, Musk tweeted that the company would unveil a "major" new product line next month, leaving analysts guessing.
Some reports said Musk was likely referring to a home battery based on a design used in the Tesla vehicles, which he spoke about during a February earnings call.
Tesla Model S
Tesla EV Ping!.............
Supercars are now going hybrid, not all electric. They kick Tesla butt.
Still not the wave of the future...
Now, if they could develop a supercapacitor to use for their electric storage media, they may be onto something. But batteries are, and always have been, a clumsy and rather inefficient means of power storage.
Batteries are basically very stupid, and will discharge their entire energy content in one mighty arcing blast, given the opportunity. Which includes just a whole lot of heat and light.
They just opened a new dealership near me in Virginia. Beautiful showroom. Amazed how quickly they transformed a warehouse.
They sold over 55,000 vehicles last year, yet somehow just over 10,000 vehicles delivered in a quarter is a record.
I guess it's a good thing that the demand outstrips their production capacity, but I'm sure some of their customers are either peeved or slavishly devoted to the prospect of one day owning the ultimate in PC bling.
hybrid is but an interim step. Future is full electric. If current electric tech could already out compete most gas cars, its only a matter of time it could take on supercars (besides model S85D is almost there)
“Supercars are now going hybrid, not all electric. They kick Tesla butt.”
hmmm. Care to back that up with numbers?
Just wait until these owners have to replace their first battery....oh, boy!!!
“Now, if they could develop a supercapacitor to use for their electric storage media, they may be onto something. But batteries are, and always have been, a clumsy and rather inefficient means of power storage. Batteries are basically very stupid, and will discharge their entire energy content in one mighty arcing blast, given the opportunity.”
And the supercapacitor will not???????????
They new battery they have to buy will be more advanced and more powerful than the original battery they had. Even if it’s $10k, it’s way cheaper than a new $100k automobile. And they can afford it............
Yes nice sales, but is Tesla profitable?
they’re profitable, or rather they could be profitable if they stop expanding and investing in capital equipment
Fuses or a current limiting device that should kick in if there should be a short circuit of some sort..................
Gotta spend money to make money..................
not me
a high powered plush Ez Go
Now, if they could develop a supercapacitor to use for their electric storage media, they may be onto something. But batteries are, and always have been, a clumsy and rather inefficient means of power storage.
...
Elon Musk is very good at engineering better products and production methods from existing technologies. The result is commercially viable products and beating the competition. He may benefit from subsidies, but that’s the market he’s in and he’s still doing better than anybody else. He’s very rarely on the cutting edge.
Some people may criticize him and say there’s better, but I’d like to see some concrete examples.
Eventually they will be very profitable............
Yes nice sales, but is Tesla profitable?
...
The same question has been asked about Amazon for several years. Their share of the market and their market capitalization keeps going up by the tens of billions. I wish I’d bought the stock when the critics started bitching and moaning.
The physics problems of electric driven cars will take a while to be ironed out................
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