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William Maley

Industry News: Tesla Announces A Loss In Third Quarter, Boost Production

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William Maley

Staff Writer - CheersandGears.com

November 5, 2012

Tesla announced their third quarter results today and it was a mixed bag. The company announced a $110.8 million loss, a figure that's significantly higher than last year's $65.1 million loss. Tesla partly blames the loss on a slower-than-expected roll-out for the Model S, which went into production in July. Tesla says they have increased production of the Model S from 100 vehicles per week to 200. The company expects to be building 400 vehicles by the end of December. As for revenues, the company exceeded projections of $48 million by bring in $50 million in revenues.

Tesla didn't revise its $400 to $440 million 2012 revenue outlook. The outlook was lowered about two months ago from from $560 to $600 million after the Model S' slow startup.

Source: Reuters

William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.

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I hope no one is surprised by this. I really do not expect this company to survive more than another year or two before being gobbled up or bankrupt and sold off.

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It might be wise for Tesla and Fisker to offer non-hybrid versions of their vehicles to increase volumes and decrease manufacturing costs. There must be some kind of 4 cylinder engine technology they could buy from another manufacturer. It could be win-win.

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I do not see either of them surviving as independents.

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I do not see either of them surviving as independents.

I didn't make that bet... 8)

LOL :P I am just expanding on that bet. I agree one will survive at least but will loose it's freedom to a bigger boy on the block. :D

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Sure they are... I'm betting at least one of these brands will survive.

I would imagine Tesla....more than Fisker....

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I'm actually thinking it will be a Toyota-Tesla tie up.

That would give them a TT auto! :P

I agree Toyota is at the top of the list with cash to buy a company like them. But they might be too conservative to actually jump at the chance. I could see BMW or MB doing it. I would love if GM could figure out how to scoop these startup up into the fold to sell the technology under the Cadillac/Buick line.

Wonder if Tata Motors would try and pick up either one or that crazy car company that tried to do something with SAAB.

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My guess, if anyone buys Fisker, it will be BMW or VW.... more likely the later, but the former is not impossible.

I always forget about VW being a possible consumer of smaller auto companies. Not sure why but I also put them in the camp of possible consumers of Telsa or Fisker.

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The reason I include BMW on the list is because of their total attention deficit disorder with their current product line right now... between the i-Series and the weirdo SUV coupes, they are looking for something.. anything.. to do that is different from the industry.

The reason I think Toyota will grab Tesla is because they already have a number of partnerships with them.

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Yeah, they might destroy the Supra name by bringing it back as a rebodied Tesla from what I hear. Dingbats.

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Yeah, they might destroy the Supra name by bringing it back as a rebodied Tesla from what I hear. Dingbats.

Although Ferrari is bringoing out Hybrids supposedly, and Porsche is working on them also....

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What they supposedly plan on doing will not please the people who have been begging them to bring it back. It will be a totally different thing, and not what they've been begging for.

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What they supposedly plan on doing will not please the people who have been begging them to bring it back. It will be a totally different thing, and not what they've been begging for.

Agree, the new Supra will not be the lite weight speedy little fun car people remember. It will be bloated and it will probably be either a step up from the FRZ or an alternative energy speedster.

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It will not be a car that people will connect with because it will be as engaging as a computer mouse. Nobody takes apart a computer mouse to modify it for their own purposes. Unplug and play... no real fun.

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It will not be a car that people will connect with because it will be as engaging as a computer mouse. Nobody takes apart a computer mouse to modify it for their own purposes. Unplug and play... no real fun.

Good Analogy, people rarely custmize their mouse. Maybe the Ball but never the mouse. :P

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How can they be customized?  Modified?  They are totally cold, passionless and disengaged.  People who are asking for the Supra to return want THIS:

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It will not be a car that people will connect with because it will be as engaging as a computer mouse. Nobody takes apart a computer mouse to modify it for their own purposes. Unplug and play... no real fun.

Have you driven one? Read that stats...the Tesla Model S is pretty quick...

I find judgements of these cars by people who have never driven them to be absurdly humorous.

It is amusing.... I don't get all the hatin'.... it's exciting to see a new American car company emerging, and the Model S is a seriously good looking car, with a wheelbase longer than any current GM car, by the way, and w/ great performance from what I've read. It's nice to see an electric car that isn't a tiny FWD turd (like the Leaf, Mitsu i-Mev, etc).

Edited by Cubical-aka-Moltar

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