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Tesla Announces Q4 Earnings

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tesla-earnings

Tesla Motors’ Model X

On what many called the most important day in the company’s history, Tesla Motors came out on the good side of things, reporting that it expects to show a profit when first quarter results for 2013 are released. Until today, Tesla Motors’ CEO Elon Musk had said he expected the carmaker to turn a profit much later this year, thus today’s report was an overall positive announcement for the firm. Even though the electric car manufacturer reported an $89 million loss for the fourth quarter of 2012, it delivered ten times as many Model S cars in the fourth quarter than in the third, and is continuing to ramp up production.

Tesla Motors: Video

In the video clip below, the reviewer does an in-depth comparison between the Tesla Model S and the Fisker Karma. She drives both cars through city and highway traffic, stops, starts, and parks. Her verdict might surprise you, given the fact that she began the session not caring for either of the cars. Both vehicles ranked high in the aesthetics department, which is something that seems to keep showing up in customer surveys for both the Model S and Karma. As for the ride itself, arrangement of controls, and related reviewer criteria, Tesla won points for its incredible amount of cargo space and ease of driving. Karma did well on several parameters as well, but the final decision between the two appeared to be an easy one for the professional reviewer. Watch and see how she decides.

Tesla Earnings

Tesla spokespersons, including the company’s CEO, Musk, also announced that the firm has at last achieved its desired production goal of 20,000 cars per year. Tesla Motors, according to the latest data, expects to show a profit margin of approximately 25 percent for all of 2013.

For more about electric carmaker Tesla Motors, see the company’s official website:
Tesla Announces Q4 Earnings

On what many called the most important day in the company’s history, Tesla Motors came out on the good side of things, reporting that it expects to show a profit when first quarter results for 2013 are released. Until today, Tesla Motors’ CEO Elon Musk had said he expected the carmaker to turn a profit much later this year, thus today’s report was an overall positive announcement for the firm. Even though the electric car manufacturer reported an $89 million loss for the fourth quarter of 2012, it delivered ten times as many Model S cars in the fourth quarter than in the third, and is continuing to ramp up production.

Tesla Motors: Video

In the video clip below, the reviewer does an in-depth comparison between the Tesla Model S and the Fisker Karma. She drives both cars through city and highway traffic, stops, starts, and parks. Her verdict might surprise you, given the fact that she began the session not caring for either of the cars. Both vehicles ranked high in the aesthetics department, which is something that seems to keep showing up in customer surveys for both the Model S and Karma. As for the ride itself, arrangement of controls, and related reviewer criteria, Tesla won points for its incredible amount of cargo space and ease of driving. Karma did well on several parameters as well, but the final decision between the two appeared to be an easy one for the professional reviewer. Watch and see how she decides.

Tesla Earnings

Tesla spokespersons, including the company’s CEO, Musk, also announced that the firm has at last achieved its desired production goal of 20,000 cars per year. Tesla Motors, according to the latest data, expects to show a profit margin of approximately 25 percent for all of 2013.

For more about electric carmaker Tesla Motors, see the company’s official website:
http://www.teslamotors.com

Larry Bell writes about cars, gadgets, business, and history. He has been a professional writer and editor for over 20 years and enjoys all car-related topics, especially electric and hybrid vehicle news. Larry covers the auto industry for MPA and often reports live from the floor of major shows in Detroit, LA, San Francisco, Phoenix, Las Vegas and elsewhere.

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Tesla Announces Q4 Earnings, 5.0 out of 5 based on 1 rating

1 Comment for “Tesla Announces Q4 Earnings”

  1. Sam junta

    It isn’t all the tech. problems that tesla is having as much as the fact that tesla exists because they used organized crime to fund themselves. DELOITTE, GOLDMAN, K&L GATES, KPCB, MUSK AND WESTLY paid bribes and took part of the free taxpayer money to put straight in their own pockets. They used crime to get to where they are, not innovation. McKinsey Consulting helped them, including Raj.

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