Tesla Losses Soar to $154.3 million in 2010, Despite Gains in Revenue

Tesla Motors has just released a preliminary, unaudited financial report concerning the year than ended on Dec. 31, 2010. The company reported losses of US$51.4 million in Q4 2010 and US$154.3 million for 2010, which was almost triple the US$55.74 million loss for the year ending Dec. 31, 2009.

The EV automaker's revenue, however, rose approximately 5 percent in 2010 to $116.7 million. Revenues for the fourth quarter of 2010 were US$36.3 million, a 16% increase from the US$31.2 million reported in the prior quarter. Tesla added that gross margin improved to 26% for the full year 2010, up from 9% for 2009.

The company 's future plans include the launch of the Model S, which is scheduled to go on sale in the middle of next year. Scroll down to read Tesla CEO Elon Musk's statement.

“We are very pleased to report continued revenue growth, improving margins and a steady progression in our Roadster and powertrain activities,” said Elon Musk, CEO of Tesla Motors. “Our powertrain team delivered solid results, with an increase in orders and record deliveries of battery packs and chargers for the Daimler Smart fortwo electric drive, the completion of our development program for the Daimler A-Class, and the commencement of the phase 1 development program for the Toyota RAV4 EV.”

“The highlight of the quarter was our on-time completion of the first drivable Model S alpha,” continued Musk. “The quality and level of refinement of the alpha demonstrates the superb job of our design, vehicle engineering and powertrain teams. They have embraced the opportunity to build an EV from the ground up and have produced a vehicle which shows great potential to deliver superior aerodynamics, stability and handling, crash safety, performance and range. We believe the Model S is well on its way toward becoming the vehicle of choice for 2012.”

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Tesla to Extend its Lineup with an All-Electric SUV by 2014

*Opening Photo: Tesla Model S

Lately, the folks over at Tesla have been very busy developing the upcoming Model S sedan and, together with Toyota, the all-electric version of the RAV4 compact SUV. But there’s more, as according to an LA Times report, the California-based automaker is also working on a small SUV of its own, currently named Model X.

Scheduled to go on sale by 2014, the new crossover model is said to offer more cabin space compared to similarly sized SUVs thanks to the electric powertrain, which, unlike an internal combustion engine and conventional transmission, needs less space.

Tesla hasn’t released any other information, but it’s quite possible that the Model X will follow in the footsteps of the Roadster and Model S. That means customers can expect good handling characteristics, multiple battery pack options to suit specific autonomy needs and a versatile interior. Last but not least, Tesla’s SUV should also qualify for some kind of federal tax credit.

By Csaba Daradics

Source: LA Times

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Tesla to Extend its Lineup with an All-Electric SUV by 2014

*Opening Photo: Tesla Model S

Lately, the folks over at Tesla have been very busy developing the upcoming Model S sedan and, together with Toyota, the all-electric version of the RAV4 compact SUV. But there’s more, as according to an LA Times report, the California-based automaker is also working on a small SUV of its own, currently named Model X.

Scheduled to go on sale by 2014, the new crossover model is said to offer more cabin space compared to similarly sized SUVs thanks to the electric powertrain, which, unlike an internal combustion engine and conventional transmission, needs less space.

Tesla hasn’t released any other information, but it’s quite possible that the Model X will follow in the footsteps of the Roadster and Model S. That means customers can expect good handling characteristics, multiple battery pack options to suit specific autonomy needs and a versatile interior. Last but not least, Tesla’s SUV should also qualify for some kind of federal tax credit.

By Csaba Daradics

Source: LA Times

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Tesla Model S Road Testing Underway [with Video]

It has been a long journey, but it looks like the Tesla Model S all-electric sport sedan is one step closer to series production as the California-based automaker announced it is moving on to the final road tests. The first phase called Alpha, which began in 2010, includes both computer simulations and test-drives of prototype vehicles. There will be a Beta phase as well.

“The first Alpha is amazingly agile for a car of its size. It has great handling balance and poised ride with communicative steering. Just goes to show what combining a low center of gravity with a very stiff body structure can achieve”, said test drive Graham Sutherland.

According to Tesla, Alpha cars will be tested in the coming months in all sorts of climatic conditions, which should help engineers improve the EV’s driving dynamics.

Tesla’s second model after the Roadster offers seating for five adults and two children. The Model-S' drivetrain consists of an electric motor coupled to a single-speed transmission and a floor-mounted lithium-ion battery pack. Customers will be able to specify their cars with one of three available battery packs offering a driving range of up to 160, 230 or 300 miles (258, 370 or 483 kilometers).

Roughly the same size as a BMW 5-Series, the Model S sprints to 60 mph (96 km/h) in 5.6 seconds and can reach a top speed of 130 mph (209 km/h). Production is set to begin in 2012 and Tesla is currently taking orders, with the base price set at US$49,000, including a US$7,500 Federal tax credit.

By Csaba Daradics

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Tesla Model S Road Testing Underway [with Video]

It has been a long journey, but it looks like the Tesla Model S all-electric sport sedan is one step closer to series production as the California-based automaker announced it is moving on to the final road tests. The first phase called Alpha, which began in 2010, includes both computer simulations and test-drives of prototype vehicles. There will be a Beta phase as well.

“The first Alpha is amazingly agile for a car of its size. It has great handling balance and poised ride with communicative steering. Just goes to show what combining a low center of gravity with a very stiff body structure can achieve”, said test drive Graham Sutherland.

According to Tesla, Alpha cars will be tested in the coming months in all sorts of climatic conditions, which should help engineers improve the EV’s driving dynamics.

Tesla’s second model after the Roadster offers seating for five adults and two children. The Model-S' drivetrain consists of an electric motor coupled to a single-speed transmission and a floor-mounted lithium-ion battery pack. Customers will be able to specify their cars with one of three available battery packs offering a driving range of up to 160, 230 or 300 miles (258, 370 or 483 kilometers).

Roughly the same size as a BMW 5-Series, the Model S sprints to 60 mph (96 km/h) in 5.6 seconds and can reach a top speed of 130 mph (209 km/h). Production is set to begin in 2012 and Tesla is currently taking orders, with the base price set at US$49,000, including a US$7,500 Federal tax credit.

By Csaba Daradics

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Tesla Art Car For Sale - Tesla Motors finally gets it

Tesla Art Car - (Credit: Tesla Motors)

Tesla Motors finally got in the art car game by commissioning their very own Tesla Roadster art car created by digital media pioneer Laurence Gartel, whose commercial work includes glossy magazine advertisements for Absolut vodka.

The car is for sale for only $109,000, but because it features a vinyl car wrap, the buyer will have to pony up a few more bucks for the art work which by the way has a shelf life of about 5 years. via cnet.

Tesla Art Car - (Credit: Tesla Motors)

Tesla Art Car - (Credit: Tesla Motors)

2010 Tesla Roadster Sport Pictures

2010 Tesla Roadster Sport

2010 Tesla Roadster Sport

2010 Tesla Roadster Sport Interior

2009 Tesla Roadster Pictures

2009 Tesla Roadster

2009 Tesla Roadster

2009 Tesla Roadster Interior

Governator says Tesla teaming up with Toyota in Cali

California Governor Arnold Schwartzenegger has apparently let slip ahead of a scheduled 5pm Pacific announcement that Tesla Motors will be teaming up with Toyota to build electric cars.

While some might speculate that the agreement could result in the re-opening of Fremont's idle New United Motor Manufacturing Inc. plant (NUMMI), SFGate says that this is somewhat unlikely. Any production agreement will likely involve the forthcoming Model S sedan, and NUMMI's facilities are significantly larger than what the model will require, as it was originally scaled to accommodate the joint venture between Toyota and General Motors which required much greater capacity. The smart money is on a new factory location, probably in Downey, CA (in Los Angeles County).

It is not yet clear what Toyota will bring to the table or what, if any money or stock is changing hands with this rumored agreement. Also, no word yet on how Mercedes-Benz feels about all this – the German automaker already has a 10 percent stake in the company after opening its coffers to the struggling EV manufacturer back in May of 2009.

[Source: SFGate]

Governator says Tesla teaming up with Toyota in Cali

California Governor Arnold Schwartzenegger has apparently let slip ahead of a scheduled 5pm Pacific announcement that Tesla Motors will be teaming up with Toyota to build electric cars.

While some might speculate that the agreement could result in the re-opening of Fremont's idle New United Motor Manufacturing Inc. plant (NUMMI), SFGate says that this is somewhat unlikely. Any production agreement will likely involve the forthcoming Model S sedan, and NUMMI's facilities are significantly larger than what the model will require, as it was originally scaled to accommodate the joint venture between Toyota and General Motors which required much greater capacity. The smart money is on a new factory location, probably in Downey, CA (in Los Angeles County).

It is not yet clear what Toyota will bring to the table or what, if any money or stock is changing hands with this rumored agreement. Also, no word yet on how Mercedes-Benz feels about all this – the German automaker already has a 10 percent stake in the company after opening its coffers to the struggling EV manufacturer back in May of 2009.

[Source: SFGate]

New Tesla

• Sure, it’s expensive, but a Tesla is also unique, and truly unique automotive experiences are rarely cheap (the $1.8 million Bugatti Veyron is also unique, for example). With no pistons, connecting rods, or gearbox to provide inertial drag (its transmission is a single-speed gear reduction), accelerating a Tesla is the closest thing to being shot out of a potato gun. It sounds like a jet, and your own garage becomes your filling station. And unless you live in Malibu, you might own it for a decade before encountering another one on the road. And so forth

Tesla Roadster Sport new pics

Here are some new shots of the Tesla Roadster Sport, special version of the American electric spider. Tesla Sport will be 15 percent more powerful than the standard model (which may receive an upgrade all the same), and is sold for a price of 112,000 euros.

Excluding the special colouring and new carbon fibre details, the most important news is in the driver’s compartment. New sports seats have been added, along with a new dash with updated battery display in the centre, central console with new single-gear feature (rather than the previous gear shift) with keyboard set-up.

© Source: eurocarblog
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