Tesla announced their Q4 2013 earnings saw a total net loss of $16 million while pulling in an annual revenue of $2 billion on the strength of higher sales and more efficient manufacturing methods.
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Electric vehicles tend to get a pass from many reviewers, who are content to overlook major faults in favor of a great drivetrain. Years back, I did a review of the Nissan Leaf for EcoModder, an eco-enthusiasts site dedicated to fuel-friendly modifications and electric vehicle (EV) projects. In retrospect, I was far more impressed with the fact that it was just an electric car than the car itself. A Leaf is still a rebodied Nissan Versa with illusions of green responsibility. It’s neat, but it’s not that outstanding if you look at it simply as another car.
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During a Tesla townhall meeting at the automaker’s European headquarters in Amsterdam, CEO Elon Musk announced to owners that an all-wheel drive version of the vaunted S would arrive in showrooms by the early months of 2015 at the latest.
Toyota is an old family firm. Ford is 111 years old. Chevrolet celebrated its centennial not long ago. Mercedes-Benz traces its lineage back to the 19th century. Though not 100 years old like those companies, Honda has been around for more than a half century. In Consumer Reports’ latest brand perception survey, Tesla Motors, a relative neophyte car company barely a decade old, has elbowed its way past Mercedes-Benz for a spot in the top 5 automobile brands assigned points for quality, safety, value, design and technology. The results are based on a poll of 1,578 vehicle owners. CR had earlier named the Tesla Model S electric car as among the very best it has ever tested.
Tesla jumped to 5th in the survey, up from 11th last year and follows Toyota, Ford, Honda and Chevrolet in that order. (Read More…)
As a relatively low-profile Czech motoring journo, I couldn’t expect Elon Musk to hand me the keys for a long-term press loaner. Or any other kind of “official” experience with Tesla, as they aren’t even sold officially in our country. But I did manage to get my hand’s on one via a friend’s father is an avid fan of EVs. As soon as the Nissan Leaf entered the European market, he bought one even if it meant to order it in Spain (about two thousand miles away) and have it trucked here. And when he learned about the Tesla Model S, he placed an early order, which made him one of the first few people in this country to own a Model S (a fully loaded P85 version, no less). Now, there are probably a dozen in Czech Republic. (Read More…)
Workers at Tesla’s Fremont plant celebrate the 1,000th Model S body built, 2012.
United Auto Workers president Bob King has said that the labor union is interested in organizing Tesla’s assembly plant in Fremont, California and that a group of workers at the site have set up an organizing committee for the UAW. That factory is where Tesla assembles the battery powered Model S. Tesla has prided itself in being different from Detroit and its headquarters’ location, the Silicon Valley, is not exactly a labor hotbed.
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While one analyst implored Apple to go into the automotive industry by purchasing Tesla Motors to the bemusement of all, another analyst is suggesting that General Motors may be the one to pull the trigger in the coming year.
Tesla retail store in Columbus, Ohio
Car dealers trying to head off Tesla Motors’ attempts to set up factory-direct showrooms in Ohio lost a round last month when a dealership licensing amendment that would have blocked Tesla from selling vehicles direct to retail customers in the state wasn’t voted upon in the state legislature. Now the dealers are trying the litigation route, suing Tesla and state agencies to have Tesla’s retail license voided. The defendants are Tesla, the Ohio Department of Public Safety and the Ohio Bureau of Motor Vehicles. The plaintiffs include Midwestern Auto Group in Dublin, Ohio, and Ricart Automotive Group, of Groveport, Ohio. (Read More…)
Prior to stepping down as CEO of General Motors, Dan Akerson made a few mentions about an EV similar to the Volt that would possess a 200-mile range on a single charge with an on-board generator that could run on gas, diesel or natural gas. He also hoped the car would sell for around $30,000.
In a few days, TTAC’s editors will present their best and worst automotive picks of 2013. Today, Sajeev Mehta brings you his winners and losers in the field of design. Winners and losers below the jump.
For admirers of Tesla’s latest and greatest who would love to own a piece of the action if only the price of admission were low enough, the word on the street is such a vehicle will debut in January 2015 during the Detroit Auto Show.
As expected, the arrival of Mercedes-Benz’s sixth-generation S-Class provided a massive boost in sales just as Mercedes-Benz’s all-new CLA-Class arrived at the bottom of the lineup. Traditionally seen as the market leader, the S-Class has attempted to put aside all doubts by attracting more than 1900 U.S. buyers in each of the last two months. It’s popular.
Standby power — or vampire draw — allows consumer goods such as smartphones, cloud-enabled laptops and PS4s to wake up immediately to do whatever it is you need them to do. There are drawbacks, of course, such as the wasting of resources (money, electricity, the things that make electricity happen) and fires.
Speaking of fires, Tesla may need to cast more sunlight upon the S’s vampire draw issues, as it would appear their latest software update hasn’t done much to drive the stake into its heart if one owner’s experience is to be believed.
After reporting a net loss of $38 million in its Q3 filings earlier today, Tesla suffered a loss of over 12% in afterhours trading. The stock, which has grown nearly 80% since the beginning of the year shot down almost $22 since the markets closed on November 5th.
Tesla CEO Elon Musk has noted on occasion — as recently as last month — that the price of his company’s stock was overvalued, particularly in the short term. Seems Wall Street got the hint, bestowing upon the automaker the biggest one-month loss of market value in October since the last such occurrence in December of 2010.
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