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Toyota sells off Tesla shares, too

The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
The move comes as Toyota winds down sales of the RAV4 EV, which gets its batteries and electric motor from Tesla at the company's Fremont, CA factory.
"We have a good relationship with Tesla, and will evaluate the feasibility of working together on future projects," Toyota spokesperson Kayo Doi told Bloomberg via email.

Why Tesla's $35,000 Model E is a pipe dream

A car that costs 80 percent as much to produce as another can't be half the price. That's the simplistic version why Stanphyl Capital Management says Tesla Motors will not be able to sell its "mass market" sedan for the low, low (by luxury electric-vehicle standards) Elon Musk-backed price of $35,000. In fact, the California-based automaker will take about a $13,000 bath for each unit it sells of the new vehicle, now referred to as the Model E. Stanphyl Capital Management breaks down the fourth-quarter costs and revenue associated Tesla's Model S, of which it sold about 6,900 units during the last three months of the year. In a nutshell, Tesla generated a whopping $106,000 per vehicle sold, with about two-thirds of the company's gross profit coming from battery and optional upgrades. And while Tesla may be able to get the Model E battery costs down to about $8,100 compared to the $15,600 cost of the Model S battery (the smaller car will use a smaller battery that will provide about a 200-mile single-charge range), all of the other stuff brings the Model E's unit cost up to about $48,000. That compares to the $59,600 average cost of a Model S. Fremont, we have a problem. Reports came out in December saying that the Model E may be unveiled at one of next year's auto shows and sales could start as early as 2016. The argument against the possibility of a $35,000 Model E may sound reasonable on paper, but more than a few people have lost money betting against Elon Musk. You can read more at ValueWalk.

Does Tesla really have 12,000 Model X preorders?

The Tesla Model X is not due until the end of the year, but the preorders apparently continue to rush in. While there has been no official statement - we've asked, but Tesla declined to comment - a set of crowdsourced numbers over at the Tesla Motors Club (TMC) adds up to over 12,00 people excitedly awaiting a new EV. Since Tesla isn't talking, we'll say 12,000 is a reasonable guess. TMC used reservation numbers submitted by people in the queue to come up with 12,000. That number breaks down to 9,900 Model X orders from the US (around 1,350 of them the Signature Series), another 1,916 (202) from Europe and 384 (49) from Canada. Throw in an expected 764 (with an unknown number of Signature models) from China, and you get to a solid batch of preorders for the upcoming all-electric, AWD-only Model X. Over 13,000, in fact. TMC acknowledges that this number is higher than the expected real number of preorders because anyone who upgraded from the standard production version to a signature model gets counted twice in the system that TMC is using, and cancellations are not factored in. We would not be surprised in the least if there are already over 10,000 people lined up for a Model X. It will be the first EV of its size on the market (aside from the Toyota RAV4 EV, which is only available in limited numbers) and it carries the Tesla cache. After all, Tesla sold over 20,000 Model S EVs in the US last year, so we know the company can make a popular EV. Lastly, Tesla got $40 million worth of preorders - that is, around 500 units - in the first four days that the CUV was available for deposits back in 2012. Since Tesla isn't talking, we'll say 12,000 is a reasonable guess.