2020 Tesla Model X on 2040-cars

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Tesla sold 6,892 Model S EVs in Q4, stock jumps in afterhours trading

Quarterly shareholder letters, with accompanying financial results, are an opportunity for companies to crow about their recent progress and instill excitement about future expectations. Tesla Motor's latest such release reveals it's coop is rife with roosters in full song. And for good reason. The California automaker announced today it earned $46 million in 4th quarter of 2013 on a non-GAAP basis – under generally accepted accounting principles (GAAP), which calculates leasing and stock-based employee remuneration differently, it actually lost $16 million – selling 6,892 very lovely Model S electric sedans in the process. Further, it passed its predicted 25 percent gross profit margin on its cars, hitting 25.8 percent on a non-GAAP basis. This means, for the fiscal year of 2013 it sold 22,477 vehicles in total and had over 2.5 billion in (non-GAAP) sales, which includes, of course, supply and development deals with Toyota and Daimler. TSLA has jumped to a record high in the $217 neighborhood. That's pretty durned good, and the stock market would seem to agree. With the financials results dropping just after the NASDAQ's close, the price for TSLA has jump around 12 percent – over $23 as of this writing – to a record high in the $217 neighborhood. Those share price increases aren't just based on past performance, though. The info drop also included plenty of things to indicate the future bodes well. The company expects both sales and production to continue to rise throughout 2014, with a new assembly line expected to help churn out 1,000 cars per week in the 3rd quarter and profit margins projected to hit 28 percent by the end of the year. On the demand side, Tesla's CEO Elon Musk stated during the conference call that he doesn't expect the company to be able to meet the demand that's coming from China. Its new Beijing store is now the company's biggest and busiest and deliveries don't even begin until spring. While European sales are a little slower than anticipated, the exec said he believes it will improve as soon as the company irons out a few technical difficulties that have arisen with charging amongst the different territories there. Apparently, not all power grids operate in exactly the same way. Speaking of reservations for the upcoming Model X SUV, Elon said demand is high. Quote: "If you are going fishing, fish are actually jumping in the boat." That vehicle is only expected to start reaching customers next spring.

Tesla says Model X will be able to tow, order now for 2016 delivery

Anyone out there curious what towing a two-ton boat will do to an electric vehicle's single-charge range? Going through the mud? Well, someone will be able to find out by next year. That's because the Tesla Model X all-electric SUV will indeed be the first all-electric vehicle have towing capacity. Granted, a tow hitch isn't exactly as sexy as the model's notable falcon-winged doors, but the upshot is that Tesla says the car will have the best aerodynamics of any vehicle its size, so that should help out that single-charge range a smidgeon. Tesla made the towing-capacity announcement in an e-mail, which we found on Cleantechnica. Additionally, the Model X will have dual-mode all-wheel drive, in case anyone wanted to tow that boat down a dirt road. Early reservation holders will likely start getting their Model X EVs the in third-quarter 2015, and beta versions of the vehicle are currently being built for crash testing and other fun stuff. People who haven't yet made that reservation will be waiting until 2016 to get their SUVs, though. The Model X, in some circles, is expected to make a pretty big splash. This summer, investment bank Morgan Stanley forecast that the Model X would be outselling the Model S sedan by the end of 2016.

Walk around the Tesla Model X EV

The Tesla Model X alighted on the Panasonic stand at the Consumer Electronics Show. We're still waiting on the production version of the falcon-doored, three-row crossover so this is the pre-production prototype that's been making the rounds for a while; Engadget sat in it two years ago, in fact. But between the two videos we've included here we now have a complete loop around the X and a skim of the inside of the dual-motored, all-wheel-drive crossover. We also get to see the falcon doors in action framing those "work of art" back seats. Also neat, a dash display shows 237 miles of range at about 80 percent charge. Despite the fact that the vehicle itself isn't brand new, it does hold some secrets. Some folks were warned off of filming the interior, for example, and that's why the Techno Buffalo piece below keeps its distance. With deliveries said to begin at the end of next year or early next year, we should be getting much closer to it soon. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: Tech Video via YouTube, Green Car Reports Green CES Tesla Crossover Electric Luxury Videos