Things are going smoothly for Tesla. Their big Model X debut was a success, their cars are pre-ordered to capacity, and new business opportunities are presenting themselves. They’re still posting a net loss, of course, but that was expected and will continue for another year or so.
Here are the most salient points from their latest earnings statement, released today:
Everything seems to be going according to plan. 2012 should see the Model S hit the streets (in July) and Tesla-developed batteries and powertrains ship in partners’ vehicles. With luck we’ll have a chance to review the car and its interesting new dash system at that time.
The full earnings report and shareholder letter can be found at Tesla’s investor relations site.
Tesla Motors, founded by Elon Musk, Marc Tarpenning and Martin Eberhard, is a company that produces a high-performance electric sports car, and is backed by a number of high-profile investors. Introduced in June 2006 to the public complete with a test drive by California Governor Arnold Schwarzenegger, the Tesla Roadster is able to go from 0 to 60 in less than 4 seconds (competitive with Porsche and Lamborghini models), while also delivering 100 miles per gallon (double the...