Cars tesla model s car of the year

Published on April 1st, 2013 | by Zachary Shahan


Tesla Model S Sales Exceed Target, Tesla To Be Profitable In Q1

April 1st, 2013 by  

Tesla made a few pretty big announcements yesterday (nope, none of which are the one Elon Musk tweeted about late last week). In summary, the three announcements are that Model S sales are greater than targeted, Tesla has upgraded its Q1 outlook and hit profitability that quarter, and the 40 kWh battery pack option for the Model S is not going to happen due to low demand. For more info, here’s Tesla’s full statement (image added):

tesla model s car of the year

Image Credit: Model S via Wikimedia Commons

Tesla Motors announced today that sales of its Model S vehicle exceeded the target provided in the mid-February shareholder letter. As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit prior outlook. As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP.

“I am incredibly proud of the Tesla team for their outstanding work. There have been many car startups over the past several decades, but profitability is what makes a company real. Tesla is here to stay and keep fighting for the electric car revolution,” said Elon Musk, Tesla Motors co-founder and CEO. “I would also like to thank our customers for their passionate support of the company and the car. Without them, we would not be here.”

Also being announced today is that the small battery option for the Model S will not enter production, due to lack of demand. Only four percent of customers chose the 40 kWh battery pack, which is not enough to justify production of that version. Customers are voting with their wallet that they want a car that gives them the freedom to travel long distances when needed.

The customers who ordered this option will instead receive the 60 kWh pack, but range will be software limited to 40 kWh. It will still have the improved acceleration and top speed of the bigger pack, so will be a better product than originally ordered, and can be upgraded to the range of the 60 kWh upon request by the original or a future owner.

Tesla is also revealing a small Easter egg today: all 60 kWh cars have been and will be built with Supercharger hardware included. Tesla is taking a slight cost risk that ultimately all customers will want to buy the Supercharger upgrade and receive unlimited, free long distance travel for life. Even for those that never drive long distances, this will improve the resale value of their car to people that do.

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is tryin' to help society help itself (and other species) with the power of the typed word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession, Solar Love, and Bikocity. Zach is recognized globally as a solar energy, electric car, and energy storage expert. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in.

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  • I think a huge percentage of the 80 kWh customers would have bought a 120 kWh pack if it had been available. So when will the 120 kWh option be available? (Musk has said the batteries are improving by 8% each year. Math would indicate we’d be seeing 120 kWh by 2018 however I expect magic from Tesla.)

    Then there is that LARGE Easter egg. The news always talks about the free supercharger stations scattered across the nation. However, apparently, they aren’t free. You pay upfront by buying a “Supercharger upgrade”.

    Now that the company is profitable there will be a huge rush to this segment of the market by every car company on the planet. They won’t be nearly as successful though. Still we need to start asking the tough questions. A list needs to be made and tracked!

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