Jump to content
Create New...
  • William Maley
    William Maley

    Tesla Announces A Loss In Third Quarter, Boost Production

    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.

    User Feedback

    Recommended Comments

    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

    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.

    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.

    • Disagree 1
    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 can post now and register later. 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
    Add a comment...

    ×   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.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Posts

    • Reason # xxx  as to why I love hockey and the players   From the bruising hit that takes the opponent outside the rink and into the player's bench. To the player saying to his teammate to 'hit him' just before the hit happens. To that same player saying that he has got him by calling him chubby but helping him out of the bench area and back unto the ice to the player that got hit laughing it off and skating off to continue on playing as if it was just a minor inconvenience and finally to the athletic trainer just looking at the hit, the player that got hit and visually seeing on his face his thoughts: "yup dude, you just got plastered!" and casually puts the bench back to its place.  The sportsmanship from all sides is incredible. Love it!!! 
    • Very cool read and video on how Tires are made. Where Are Michelin Tires Made And Who Owns The Brand?
    • This is an interesting read. Korea is the only country with EVs that are head-to-head with China and in some ways better. This nanotube technology will allow Korea to move way farther forward than the U.S. in automotive options. Advances in carbon nanotube applications enhance battery dry process
    • I got a better idea for Trump: Instead of Canada becoming the 51st state, Id prefer for the US to become Canada's 4rth Territory.  Not even province status. In order for the United Stated Territories of America to become a full blown province, Americans would have to prove their allegiance and loyalty to the Royalty of King Charles the Third since Canada is a Federal Parliamentary Constitutional Monarchy of the British Commonwealth realm.  Trump's job and title would be a perfect revival for an old tradition.  King Charles the Third's court jester. And we could throw him a bone...and have a playing card named after him since he likes those kinds of things    
    • Im glad to get that off my chest  
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • 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