Jump to content
Create New...

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


Recommended Posts

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 [email protected] or you can follow him on twitter at @realmudmonster.


View full article

Link to comment
Share on other sites

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.

  • Agree 1
Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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....

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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

Link to comment
Share on other sites

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
Link to comment
Share on other sites

Well I suppose you could put a whale tale on a Karma if you really wanted to. Same with spinners, fat tires, etc. The Tesla Roaster already does 0-60 in 3.2 sec... and the Supra drivers above already showed that they can't even handle that sort of acceleration.

Link to comment
Share on other sites

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).

Tesla Model-S does 0-60 in 4.0 seconds. The CTS-V and ZL-1 run 3.9. If gasoline engines are sooooo much better, why can't two of GM's most powerful vehicles which also cost a lot more money completely blow away the Model-S?

Link to comment
Share on other sites

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

What are earth are you going on about? Most buyers of new luxury sedans don't modify them. There is no correlation between the Supra and Model S. Maybe the Supra and the FR-S....

  • Agree 1
  • Disagree 1
Link to comment
Share on other sites

Sterile speed does not equal passion of any kind. Those videos I posted are of cars not factory built. They are of cars lovingly built by their owners to perform better than factory. When one really thinks of it, just asking me to explain myself about something so obvious is absurdly humorous.

Moltar, it has been published that there is a possibility that the next Supra will be a full electric, produced in a joint venture between Toyota and Tesla. Do you get my drift now?

Edited by ocnblu
Link to comment
Share on other sites

Sterile speed does not equal passion of any kind. Those videos I posted are of cars not factory built. They are of cars lovingly built by their owners to perform better than factory. When one really thinks of it, just asking me to explain myself about something so obvious is absurdly humorous.

Can't really compare hot rodded old cars to new production cars. Apples and oranges. Different realities with no correlation.

Moltar, it has been published that there is a possibility that the next Supra will be a full electric produced in a joint venture between Toyota and Tesla. Do you get my drift now?

Hadn't heard that..interesting.

Edited by Cubical-aka-Moltar
Link to comment
Share on other sites

I guarantee you what those who are clamoring for a new Supra want is something they can build and modify and street race on Saturday night or on sunday... Sunday, SUNDAY!!! at the local drag strip. A Japanese Camaro/Mustang/Challenger... NOT a soulless, humming, silent, sterile electric approximation of what they perceive as a real car to be loved and enjoyed.

Link to comment
Share on other sites

Sterile speed does not equal passion of any kind. Those videos I posted are of cars not factory built. They are of cars lovingly built by their owners to perform better than factory. When one really thinks of it, just asking me to explain myself about something so obvious is absurdly humorous.

Moltar, it has been published that there is a possibility that the next Supra will be a full electric, produced in a joint venture between Toyota and Tesla. Do you get my drift now?

It's a whole new market OCN. Those Supra's sound like ass.... I like fast without noise.

  • Agree 1
Link to comment
Share on other sites

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search

Change privacy settings