Tesla MISSES Q4 2012 Earnings — Will It Be Able To Turn A Profit In 2013 Like Elon Musk Says?

Tesla MISSES Q4 2012 Earnings — Will It Be Able To Turn A Profit In 2013 Like Elon Musk Says?
I know, I know. We've been talking a lot about Tesla lately. There is good reason for this.

Tesla's been in the headlines just about every day. Elon Musk must be pretty happy as you can't BUY this much publicity.

While Musk may have celebrated yesterday, as The New York Times essentially threw their writer under the bus, he must have known that today he'd have to do a bit of damage control. That's because Tesla missed its Q4 earnings as losses were wider than expected.

But if you look at the earnings call transcript, you'd notice that Musk is sounding VERY confident that 2013 will be Tesla's year and that it will turn a profit.

Enough of what a pitchman with a velvet sport coat has to say though, we want to know your thoughts.

Does Tesla have enough momentum to make 2013 the year it gets into the black? Or, shall we say...green?


Tesla Motors Inc.'s fourth-quarter loss widened as higher costs at the electric-car maker masked a surge in revenue.

Tesla began deliveries of its all-electric Model S sedan in June, a month ahead of schedule. But the company later ran into production delays, citing problems with its supply chain...

...Tesla said Wednesday it delivered about 2,400 Model S vehicles during the quarter and expects to deliver about 20,000 Model S units in 2013, including 4,500 deliveries in the current quarter...

 



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LJ745LJ745 - 2/21/2013 9:38:03 PM
+1 Boost
Does anyone know where the projection of 20,000 delivered model S cars comes from? I'm curious as to how they came to that number given other EVs have done very, very poorly despite being far more affordable.


vdivvdiv - 2/22/2013 9:32:13 AM
+1 Boost
Tesla makes 400 Model S units a week, times 50 some odd weeks in the year. Because they have a long wait list for the car, they expect the 20,000 number to be achievable.


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