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Christopher Bruce2012-07-26 15:52:48

Tesla Posts $105.6 Million Loss But Believes Model S Will Help

Tesla now has two models - the Model S and Roadster - with one more on the way

TeslaTeslaTeslaUnited States of America, 2003 > present4 models
207 photos
has posted a $105.6 million net loss for the second quarter of 2012, and revenue was down 54% to 26.7 million. In the same quarter last year, it posted $58.9 million net loss. Despite the loss, it has just begun to deliver the Model SModel STesla Model SUnited States of America, 2012 > present7 versions
25 photos
sedan. With two models now on sale, it believes that it will break even for 2012 and could be profitable in 2013. 

Production on the Model S is just beginning. Tesla plans to build just 500 in the third quarter but 4,500 in the fourth quarter. The company claims that it has 11,500 orders to fill for the Model S. It is planning to sell 20,000 of them in 2013. 

The next moves for Tesla are to grow globally and continue work on the Model X crossover. It recently opened a store in Oslo, Norway and is opening more stores in smaller cities in the US. The company has also partnered with ToyotaToyotaToyotaJapan, 1937 > present155 models
4668 photos
10 videos
and Mercedes-BenzMercedes-BenzMercedes-BenzGermany, 1924 > present197 models
9897 photos
33 videos
to build collaborate on electric versions of the Rav4Rav4 EVToyota Rav4 EVJapan, 2013 > present6 photos
1 video
and B-ClassB-Class Gen.2 [W246]Mercedes-Benz B-Class Gen.2 [W246]Germany, 2012 > present60 versions
112 photos

Source: Motor Authority

Model SModel S
Model SModel S
Battery Type
Top Speed
129 mph
single speed reducer
Maximum power
Fixed-head coupé
$ 59.000
annual ownership cost




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