2012 Tesla Model S on 2040-cars

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Tesla: Earnings still down, but rate of Model S production way up

According to its Third Quarter 2012 Shareholder Letter, Tesla "is now at over 200 cars per week or 10,000 cars per year, which is at the critical threshold needed for Tesla to generate positive operating cash flow."
That's an important milestone to be sure, but the news is actually even better; Tesla expects to ramp Model S production up to 400 cars per week (20,000 units/year) by December of 2012, and says it will deliver 2,500 to 3,000 units in the fourth quarter of 2012. That's lower than the previous target of 5,000 in 2012, but it's more an issue of delayed achievement rather than missing the mark altogether.
All of that production bodes well for the future, but as of today, the automaker has yet to earn real money. Revenue for the third quarter of 2012 was $50 million, equating to a net loss of about $110 million after expenses were tallied. The stock market likes the numbers, with TSLA shares rising 8.9 percent on Monday after the report was released.

Ford also working on 200-mile EV to compete with Bolt, Model 3

The Chevrolet Bolt is on a lot of people's radars. You may have even noticed friends and colleagues who harbor very little interest in the automotive world, or anything labeled as "green," who have taken notice of a 200-mile electric vehicle coming out of Detroit. Mass appeal is the idea, after all. You can include Ford in the list of interested parties, in this case with the intention of taking direct aim at the Bolt – and, by proxy, the Tesla Model 3 – with an affordable, long-range EV of its own. Ford will unveil its own long-range EV, positioned to compete with Chevrolet, later this year, according to Automobile. Details are very scarce about Ford's plans, but we do know that the Bolt (or whatever the Chevy all-electric hatchback will end up being called) is expected to offer over 200 miles of driving between charges, with a sticker price around $30,000. The other major player, of course, is Tesla's smaller, more affordable sibling to the Model S. The Model 3, also slated to go on sale in 2017, should cost less than $40,000. While Tesla has established itself in the EV world, another long-range EV out of Detroit would win some customers from the California-based startup. For now, though, we'll just have to wait, as Ford remains tight-lipped about its plans for the car. Automobile predicts a possible unveiling at the Los Angeles Auto Show in November, what with California's EV mandate being a driver of strategy for various automakers. Most can agree, though, that a larger field of options – while not ideal for backers of the Bolt or Model 3 – will only benefit the car-buying public. Related Video: Featured Gallery Chevrolet Bolt EV Concept: Detroit 2015 Related Gallery Chevrolet Bolt EV Concept News Source: AutomobileImage Credit: Copyright 2015 Sebastian Blanco / AOL Green Rumormill Chevrolet Ford Tesla Electric Future Vehicles Chevy Bolt ford ev

California could put $60,000 MRSP limit on EV rebates

In California, electric vehicles have been selling so well that the California Air Resources Board (CARB) is discussing ways to reduce the amount spent on the state's Clean Vehicle Rebate Program (CVRP). The program, which provides rebates to EV buyers, is $30 million in debt this year, according to the Capitol Weekly. A new discussion document that was presented at CARB's April 3 meeting lists two main ways that the state could save money while still supporting EV sales. There could be a $60,000 price limit on plug-in vehicles that CARB would subsidize. Option one is to reduce the rebate by $500, which would mean pure EVs would get $2,000 and plug-in hybrids would get $1,000. The other option would be to put a $60,000 price limit on plug-in vehicles that CARB would subsidize. Currently, this would only affect two vehicles: the Tesla Model S and the Cadillac ELR. You can find the details in this PDF; see pages 20-23 for discussion on reducing the rebates. CARB's numbers show that cutting the rebate by $500 would result in "only a minimal short-term impact in the growth of sales of eligible vehicles." The benefit would be that," the budget savings associated with the short-term market delay will more than offset this impact by providing rebates for about 41 percent more vehicles during fiscal year 2014-15 under a fixed budget." As far as limiting the rebate to vehicles that cost less than $60,000, CARB makes the obvious point that, "rebates are more effective in influencing purchase decisions related to vehicles with a MSRP lower than $60,000." CARB thinks this limit will impact no more than two percent of the EV market, "but will allow the program to be more effective in influencing consumer purchase decisions." Plug In America does not support CARB's proposal. PIA's senior policy advisor, Jay Friedland, told AutoblogGreen that: At this early point in the market, Plug In America is working hard along side a coalition of automakers, NGOs, utilities and consumers to maintain the CA Clean Vehicle Rebate at current levels with all vehicles included. Tesla is a leading California EV manufacturer - and has been indispensable to creating the market generally - and should not be excluded from the program. Every EV reduces pollution for kids and adults alike and our dependence on petroleum. We asked Tesla for a statement, but have not heard back.