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TSLA - Tesla Motors

  #71 (permalink)
 
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Elon Musk thinks hydrogen [AUTOLINK]cars[/AUTOLINK] are 'bullshit' | The Verge

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  #72 (permalink)
 
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Tesla hires former Segway, Apple hardware engineering lead to develop new cars




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So what's next for Tesla? Company founder and CEO Elon Musk has publicly stated his desire to make a more affordable EV plus cars that (mostly) drive themselves, and new hire Doug Field is in position to lead that charge. Joining Tesla as the Vice President of Vehicle Programs, he will be "responsible for driving development of new vehicles."

We'll have to wait and see what those new Teslas look like, but his resume immediately shows why Musk is interested in someone with his experience. Field began his career as an engineer at Ford and later served as the CTO of Segway before moving over to Apple in 2008, where he's been the VP of Mac Hardware Engineering leading development on the Macbook Air, Macbook Pro and iMac.

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  #73 (permalink)
 
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 Cogito ergo sum 
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On Oct. 24 -- Elon Musk, chairman of Tesla Motors, talks to Bloomberg Television's Guy Johnson at the opening of the company's first retail store in London.


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Second Tesla Goes Down In Flames Following Mexico City Crash | Zero Hedge


Tesla
We were able to contact the driver quickly and are pleased that he is safe. This was a significant accident where the car was traveling at such a high speed that it smashed through a concrete wall and then hit a large tree, yet the driver walked away from the car with no permanent injury. He is appreciative of the safety and performance of the car and has asked if we can expedite delivery of his next Model S.

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  #75 (permalink)
 
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Review: Tesla Motors all-electric Model S is fast?but is it a good [AUTOLINK]car[/AUTOLINK]? | Ars Technica





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  #76 (permalink)
 
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Tesla Model S gets 'recommended' rating from Consumer Reports; Prius V, Ford hybrids not so much




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How can Consumer Reports give a car a 99 out of 100 rating, call it "the most practical electric car we've ever tested" and still not give it a "Recommended" rating? Because of how that rating gets decided. Basically, when CR tests a vehicle, it also needs more reliability data over time to assign that famous "Recommended" rating. That time has now passed, and the Tesla Model S is, indeed, recommended.

The update comes in the new Consumer Reports Annual Auto Reliability rankings, where the Model S has been added to the "Models that now have sufficient data" list. The data combines CR's in-house tests with subscriber survey data with, CR says, 1.1 million vehicles. There were only 600 Model S EVs in that data pool, and CR says the 2012 models were holding up better than the 2013 models. The problems that drivers reported included "wind noise, squeaks and rattles, and body hardware (including the sunroof, doors, and locks)."

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  #77 (permalink)
 
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Tesla's West Coast Supercharger Corridor now open, charging the Model S from San Diego to Vancouver


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Tesla Motors' Supercharger Corridor, which runs from San Diego to Vancouver, is now open for business. It enables the Model S to quickly recharge for free at a variety of locations along the West Coast of North America. At least six of those locations are already installed, and Tesla says "more than 99 percent of Californians and 87 percent of Oregon and Washington owners are now within 200 miles of a Supercharger." Company head Elon Musk says the West Coast leg of the supercharger network is just the beginning: "East Coast Supercharger network should be complete in a few months." A handful of locations already exist in the Northeast.

The newly opened West Coast network follows Interstate 5 and US Highway 101, enabling passage across long stretches for folks otherwise tethered to a wall charge. Two demonstration vehicles are taking a 1,750-mile journey from San Diego to Vancouver (read: a PR stunt) using solely Superchargers for power along the way.

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  #78 (permalink)
 
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Tesla Tumbles Following Unimpressive Earnings

Having beaten consensus earnings and revenues, it seems that the momentum stock of the year is finally getting its come-uppance as it missed whisper numbers on earnings and deliveries:

*TESLA 3Q ADJ. EPS 12C, EST. 10C (whipser ~17c)
*TESLA FINISHED 3Q WITH SLIGHTLY MORE THAN 5,500 DELIVERIES (whisper ~6,000)
*TESLA SEES 4Q NON-GAAP PROFITABILITY `CONSISTENT' WITH 3Q
This has sent the stocks down over 9% after-hours to 10 week lows... perhaps Musk was right after all.



Q4 outlook: We are continuing to expand production and plan to deliver slightly under 6,000 Model S vehicles in Q4, which increases our total expected deliveries to 21,500 vehicles worldwide for 2013. ASPs are expected to be relatively flat sequentially as we continue to see a rich mix of options on incoming orders.

Model S gross margin may continue to make slight improvements over the next several quarters as we continue to drive down manufacturing costs. While we expect to achieve our target of 25% non-GAAP automotive gross margin in Q4 (assuming no contribution from ZEV credits), further progress is likely if customers continue to purchase our vehicles with a high option take rate.

R&D expenses are expected to increase sequentially by about 25% in Q4 as we accelerate product development efforts on Model X and Model S enhancements. SG&A expenses are expected to rise sequentially by about 20%, driven by the growth in our retail locations, service centers and Supercharger facilities.

We expect our non-GAAP profitability to be about consistent with Q3, with approximately 139 million fully diluted shares outstanding based on the current level of our stock price. Free cash flow is expected to be close to breakeven.

We expect to spend about $75 to $85 million on capital expenditures for a total of approximately $250 million in 2013, as we expand our factory production capability and customer support infrastructure. All these investments, funded in part by our profitable operations, position us for further expansion of our product portfolio and global growth.

We are now producing 550 cars per week with improved process controls which consistently result in high quality cars. Consequently, we finished the quarter with a record of slightly over 5,500 deliveries, including over 1,000 deliveries to European customers.

Full TSLA earnings here (PDF).

Source: Zerohedge

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  #79 (permalink)
 
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Down 25% so far



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  #80 (permalink)
 tgibbs 
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UPDATE 3-Tesla reports third fire involving Model S electric [AUTOLINK]car[/AUTOLINK] | Reuters

Thats not helping much.

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