Skip to comments.Tesla sold 5,150 Model S EVs in Q2, future $35k model will have 200-mile range
Posted on 08/07/2013 10:51:24 PM PDT by grundle
Finally, we know the number. Tesla Motors announced today that it sold 5,150 Model S electric vehicles in North America last quarter. Divide by three and you see that the California company sold around 1,700 cars a month, which puts it right up there with the current plug-in vehicle champions, the Nissan Leaf and the Chevy Volt. That's despite the fact that the cheapest Model S, which starts at $69,900 but often sells for a lot more with better options, costs at least twice as much as the sales leaders. Tesla said it was making "almost 500 vehicles per week" in the second quarter of this year.
The sales contributed to an overall increase in net income (non-GAAP) of 70 percent compared to the first quarter, up to $26 million. Tesla said it achieved a gross margin of 22 percent (non-GAAP), "despite significant reduction in ZEV credits" (which was no surprise) and should hit 25 percent by the fourth quarter of 2013. That number is simply a company's sales revenue with the cost of goods sold taken out, divided by total sales revenue. Put it all together and you get the following statement: "Our financial position and balance sheet have never been stronger." Still, there was no talk in today's conference call of an overall profitable quarter, as there was three months ago.
With all of the good financial news, Tesla and CEO Elon Musk said the primary focus now is on "expanding production to meet worldwide demand." Tesla started delivering the Model S to Europe this week (the first lucky countries were Norway, Switzerland and the Netherlands) and if demand there matches North America, which Musk said is likely, then the company predicts "annualized sales for Model S could exceed 40,000 units per year by late 2014."
Musk said the upcoming new-market Model S versions (right-hand-drive for Japan and the Chinese model) are taking up most of Tesla's resources at the current moment. In China, for example, the company is trying to improve the comfort level of the rear seat, because it is common for people in The People's Republic to be driven around. The Model S was designed to be the perfect driver's car, Musk said, but in China it will have an "executive back seat" instead of the "family back seat" the car has now. Things like this mean that work on the Model X won't really start to ramp up until the end of this year. Deliveries of that car should start at the end of 2014.
Looking further down the road, Musk said that the next-gen Tesla vehicle, the long-rumored $35,000 (without any subsidies) EV, should be a compelling option with a 200-mile range. That vehicle is still quite far away he wondered aloud how his company might need more battery cells than the laptop industry does if it's making a half-million cars a year but at least his automotive competition now has targets to shoot for if they want to beat Tesla in the longer-range EV game.
They must’ve sold more than that.
I know of 5 or 6 here in my lil town of 50,000 and I pass em all day long on the freeway.
They were every where in Los Angeles, San Diego and even on the border a week ago.
Maybe they were following me?
Any 15 year old POS used car that sells for less than two grand has a better range than that and can be re-fueled in minutes. My $100 30-year-old Mercedes has a better range than that. Please explain to me the upside of the Tesla vehicles.
My 22 year old specialized Hardrock mountain bike has better range than the Tesla (though, it’s doubtful I would be able to do that range at my current age).
Why would I pay $70,000 for a golf cart? IMO very few automobiles are worth more than about $20,000.
I wouldn’t want to go on a cross country trip in one!!!
I fail to see reason for the hostility many folks calling themselves conservative have to EV’s.
If there is a market seems to me there should be no problem...personally I think the torque/weight ratio is going to make those suckers very very fast with a few modifications..
Cant wait to get mt hands on a used EV.
IIRC, you’ll get a big shock when you have to replace all those batteries. Some people who have hybrids have already found that out to their chagrin. When the price comes WAY down and the range goes WAY up I’ll research them again. BTW, speaking of “alternative energy” vehicles, have you seen the Honda Civic Natural Gas?
I’ve never purchased a new vehicle. IMO they are most all overpriced. I’ve never paid more than $11,000 for a used vehicle. Our Dodge Durango we paid $10,000 for. It had under 100k miles when I purchased it in 2005. Currently I have 247k+ miles on it. I plan to put another 100K on before replacing it. My last vehicle, a Plymouth Grand Voyager, which had 75k miles when we bought it, had 385k miles when we replaced it. We put over 200k miles on an 1988 Ford Taurus, and 200k+ on a 1983 Chrysler New Yorker 5th Ave (both had more than 300k miles total). We get our money’s worth out of our vehicles.
A friend shared that three people he knew were test driving an EV. Their destination was 150 miles away. It took them three days to reach their destination.
Hostility towards the "concept" of an EV? No! Hostility towards those who have been touting EV's as a present day replacement for the internal combustion engine? Absolutely. Perhaps, and I stress perhaps, one day EV's will evolve into a viable mode of transportation. At the present time it is a local commuter, period. And, I mean local. My commute to work is two+ hours one way. An EV is worthless to me. Then there's the battery disposal and replacement problem. The batteries are not cheap, and neither is proper disposal. Additionally, those who make the false claim that EV's are a eco-friendly vehicle need to have the taste slapped out of their mouth. Where does the electricity come from that these vehicles require to be recharged with? It ain't from clean energy (whatever that means). EV's are purely a STATUS symbol. LOOK AT ME I HAVE A PRIUS; TESLA; whatever! I'll stick with my internal combustion vehicle which can take me up to 500 miles on a single tank of fuel, thank you. And, do so with very little in the way of emissions, too.
200 miles is nothing in LA. I cover that in no time.
You will in the next version.
1st up you are paying for a top of the line luxury car. Even if you treat the electric motor as a novelty,the car is worth the price for the way it drives. From a national interest perspective I can’t wait for a day when all we run are electric cars that can be charged with a solar panel on your roof. That is the definition of individual freedom. Beggaring a host of countries that seek to murder non-Muslims is a huge added bonus. The subsidies are a sidelight and a sort of pinprick for a larger goal. Subordinating everything to the belly in the short term and helping dim witted jerks to kill us is the definition on a non-conservative.
Not in rush hour traffic you don’t.
Agreed. I don’t do “rush hours”.
Rich man’s toy/status symbol. I don’t think anyone is getting these to be a daily driver.
BTW I don't want a hybrid I want a used pure EV to play with don't like the term but I'm an early adapter/pick er up er/what ever they call it/fiddler.
Your hostility argument seems to me to be argument without a distinction...but its like most conservative argument in that it is based on what will work in fly over country..
How much damage to the environment does battery manufacture and electrical supply for electric cars cause? Much!
It's coming up on 140k miles and going strong. Gas mileage is about the same as our Plymouth vans...at least on the highway. Around town 10 mpg, highway 22mpg. Not the best but I can haul or tow anything I need. Room for 7 and comfortable.
I can do most of the maintenance/repairs myself. Best of all it can cruise around nice and comfy but when I put my foot in it the tires smoke, you get pushed back in the seat and there is a HUGE smile on my face.
At this point they are just mostly wealthy people's toys - that I get to help pay for... A bit like solar power. The well to do can dabble with solar power while the rest of us get to subsidize their feel good hobby. Without government intervention the economics of solar rarely makes any sense.
Regarding EV’s they are not ready for prime time - yet - but I do believe it's only a matter of time before they are. That it will be a bit like the CRT monitor/TV. When EV’s are truly better performers and cost less there will be a sudden and dramatic shift - and it will be the new normal.
Bull Kuh Wrap.
Covering 3 miles, in LA, could take an afternoon... LOL
BIG SAFE COMFORTABLE AMERICAN CARS, BETTER THEY ARE!
“I fail to see reason for the hostility many folks calling themselves conservative have to EVs.”
I don’t think the hostility is towards EV’s, at least by me it’s not. My hostility is towards those who write laws and policies giving buyers of these vehicles large subsidies and tax credits. And, conversely, don’t require these vehicles to pay their fair share of road taxes as they currently zero road taxes. So, the good old tax payer, the few of us there are remaining, are paying a hefty tab to prop up these EV’s. I’m ok with these cars if they can successfully compete on their own merit in the market place. But, not ok if I have to pay hefty taxes and subsidies for them to exist. So,hope you now “see the reason”. :)
Yes it is, got to see one up close the other day. The more I read about battery technologies, the more it looks like the energy density increases are not in lock step with "Moores Law" i.e. chip speed and capabilities doubling every 18 months.
With that said, as a fan of the Wankel Engine ( yes I know their are bazillion detractors and comments ) I'd love to see something like this powered by a Rotary on CNG, especially if that is a range extender to an electric drivetrain.
As I type this, their is a gent in California getting a 3 Rotor Mazda ready to go to the dyno that is connected to a "Turbo-Compound" unit. This TC recovery device captures the waste energy of the exhaust and sends it back into the main shaft if you will. This unit might reduce the specific fuel consumption enough to make the Rotary viable again.... Stay Tuned...
You do know that we could be energy self sufficient within 10 years if the govt only got out of the way with all of the new technologies being used in ND and the like?
At one time the “future” volt was going to have a 120 mile range... now it is more like 18 miles with 40 miles claimed.
That's been the mantra of the EV ever since Edison sold the first one more than a century ago. It hasn't happened yet. The problem is battery technology. There simply are no batteries on the horizon with the energy storage capacity and refill rate of a gas tank.
Think of your last battery powered electric drill motor. A drill motor with two batteries costs less than two replacement batteries. And the batteries go bad in a couple of years.
If I were a wealthy car collector I would buy one or two Volts to store under a tarp in some warehouse or garage. Sure, it’s a colossal flop but so was the Edsel. Well preserved Edsels can fetch a pretty penny at auction.
I saw my first Tesla Model S yesterday in Frisco, TX. Beautiful car. At $60k for the cheapest model and over $90k for the model you actually want, it had better be really, really beautiful.
Per the Tesla Motors website:
We have received many requests for a Battery Replacement Option. We are happy to now offer this option for all three battery variants. This option will provide you a new battery anytime after the end of the eighth year at a fixed price. Prices are as follows: $8,000 for the 40 kWh battery, $10,000 for the 60 kWh battery, and $12,000 for the 85 kWh battery.
&$^#%!! That's going to hurt!
IF we have a society left by then... our future is extremely that uncertain and now Egypt stand on the cusp of anarchy and if the Suez Canal closes... 80% of the worlds oil flows through it... storm clouds forming!
Indeed beautiful car. With a Lexus engine inside would be priceless.
I agree with your premise, however, Tesla has come up with a novel idea that destroys battery’s primary energy source.
Imagine, a vehicle that can 200 miles and pull into a “recharging station”....
Said station can remove the installed battery pack of a vehicle and press into the chasis a new energy pack, that delivers up to 200 more miles of travel.
If you’d like I can provide links that support.
How many illegals can California stuff in a Tesla, is the efficiency question now in this lala land.
The funny part that the Tesla may go out of business in ,lets say, 7 years...
Ohhh...NSU RO 80 wankel engine...good old times...:-(
You will in the next version.
You couldn’t catch me dead in one these pieces of feces!!!
Why not enough solar power? Ran out of gas? Probably broke down!!!
My ‘99 Durango has the 5.9 liter V8 (360 cu in). My economy isn’t a good as yours, but I’m able to tow quite a lot. The power is there when I need to move quickly. I think I already mentioned it is at 247,000+ miles.
There wasn’t a solar recharge on the vehicle - strictly a battery powered EV that requires a recharge station, of which there were none.
There wasnt a solar recharge on the vehicle - strictly a battery powered EV that requires a recharge station, of which there were none. Yea I know I was just funin!!!