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Tesla reports second-quarter

Discussion in 'News' started by NigelM, Aug 3, 2011.

  1. NigelM

    NigelM Recovering Member

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    #1 NigelM, Aug 3, 2011
    Last edited: Aug 3, 2011
  2. AnOutsider

    AnOutsider S532 # XS27

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  3. smorgasbord

    smorgasbord Active Member

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    Some interesting tidbits:

    190 Roadsters sold last quarter (more than 2 per day) for revenue of $27million, which equates to an ASP of over $142K per Roadster.
    That represents a gross margin of 22% - Tesla has figured out how to make money on Roadsters.

    Tesla expects gross margins on the Model S to be 25%.

    These are exceptional gross margins, and I think reflect that Tesla is also the dealer, so they get that markup as well.

    One of the 15 Model S Alphas has logged more than 150K miles (equivalent).
    50 Betas will be produced. Unveiling to the public in "a few months."

    5300 Model S reservations as of the end of June 2011 - Looks like TMC's tracking is spot on!

    Model X deliveries scheduled to start late 2013 - less than 18 months after Model S deliveries start.

    RAV4 drivetrains to commence shipping to Toyota in early 2012.

    Musk himself has invested $41 million.
     
  4. felixtb

    felixtb RsEU502,Sp+14274,XpEUSig4

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    this is great news. the model s is too small for my traveling lifestyle so have been hoping for the model x. Hopefully it will fulfill my expectations......... we'll see.
     
  5. Norbert

    Norbert TSLA will win

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    Did I understand Elon's opening statement in the Q&A section correctly, that aside from the $100 million deal with Toyota, they are in discussions for a deal an order of magnitude larger than that?
     
  6. Nik

    Nik Dreaming no more :-(

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    That's certainly the story picked up on the various auto blogs (autoblog green, TTAC, etc)
     
  7. markwj

    markwj Moderator, Asia Pacific

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    Tesla Motors CEO Discusses Q2 2011 Results - Earnings Call Transcript - Seeking Alpha

     
  8. JimmWilks

    JimmWilks Member

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    When talking about a deal "in order of 90 or larger than that" I assume he means a $190 million deal? This is typical Elon-speak.
     
  9. JimmWilks

    JimmWilks Member

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    #9 JimmWilks, Aug 4, 2011
    Last edited: Aug 4, 2011
    I'd forgotten about their "safest car" target, frankly I thought it was a bit of a pipe dream. I will be amazed if Tesla can bring this car to market being so astonishingly good at pretty much everything and still make money on it, but it looks like they're on track. It's Tesla making and reaching these sorts of targets for themselves that is so astonishing and inspiring given their start-up status.

    Edit: Continuing reading, TM are planning a big event on the 1st of October for Model S reservation holders. Sounds like some big presentations about the car, particularly regarding what's considered when making a car safe, and some Beta test drives for automotive press and test rides for reservation holders. Very exciting!
     
  10. markwj

    markwj Moderator, Asia Pacific

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    $190million or $9billion - I'd guess the former, and hope for the latter ;-)

    Its only a prospect, anyway. Nothing committed.
     
  11. dsm363

    dsm363 Roadster + Sig Model S

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    I love how people like James Carlini in the comments on the Seeking Alpha post compare it to the Volt as proof electric cars won't succeed. If you're going to compare it to anything, I would think the Leaf would be a better comparison but even then, it's in a different market.
     
  12. mnx

    mnx 2013 P85

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    Excited about the October 1st event! Thought this quote was intersting...

    "But we want to come out with a new product every year. And so there will be Model S mostly next year, Model X the year thereafter, another vehicle a year after that and another vehicle a year after that."

    I wonder what other vehicles they have up their sleeve...

    - mnx
     
  13. JimmWilks

    JimmWilks Member

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    A van and a cabriolet (roadster 3.0?) have been suggested quite speculatively by Tesla before as sharing the Model S platform, and I'd imagine for cost and time saving reasons they'd like to use the platform to it's fullest extent before moving onto a new platform (Bluestar at last?). I did think this was very interesting though, certainly keep the forum busy!
     
  14. Mycroft

    Mycroft Life happens

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    I've been given the understanding that 10 Betas have been completed already and that October will begin the test drives for reservation holders only. No public test drives will take place due to the limited number of dealers and cars.
     
  15. AnOutsider

    AnOutsider S532 # XS27

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    sign me up!
     
  16. vfx

    vfx Well-Known Member

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    My sources say 12 cars are in the works.

    With 19 stores, it makes me go hmmmm...
     
  17. Mycroft

    Mycroft Life happens

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    It makes me feel sorry for all those foreign stores. :tongue: At least they'll be able to buy a Roadster longer than we can.
     
  18. Norbert

    Norbert TSLA will win

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    #18 Norbert, Aug 4, 2011
    Last edited: Aug 4, 2011
  19. ckessel

    ckessel Active Member

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    I'd take that to mean "on the order of 90+ million".

    A very upbeat press release without a lot of the usual artificially "happiness double speak" I've come to expect from most companies. I'm really hoping to get my Model S by the end of next summer.
     
  20. Nik

    Nik Dreaming no more :-(

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    Agreed re the transcripts. TTAC says that a 'tesla official' confirmed the 'order of magnitude larger' bit later on.
     

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