2023 Tesla Model X Plaid on 2040-cars

Auto blog

100 Tesla Model S hatchbacks to get NCE convertible conversions

The folks Newport Convertible Engineering have made a specialty out of taking coupes and sedans and converting them into convertibles. Sometimes this results in absolutely weird creations like a Range Rover droptop, but its latest project is significantly greener. The company has developed hard and soft top conversions for the Tesla Model S, and they are already quite popular too. An investor in China has ordered 100 of them.
NCE has been working on creating the two versions of the convertible Model S for the last six months, and it involves a lot more than just cutting the roof off. "Some sections needed restructured," said Al Zadeh, the company's CEO, to Autoblog about the changes made to maintain rigidity. A soft-top conversion costs $29,000 and a hard-top $49,000. In addition to these prices, buyers must supply a donor vehicle. Production is due to start in July in California, Dubai, and Barcelona, Spain.
This might be just the beginning for NCE's convertible Model S. Zadeh says that the company has made an inquiry with Tesla about whether it could supply 5,000 cars for conversion to satisfy predicted demand. He will release more details on the project "when the time is right." Scroll down for NCE's official announcement of the 100-car order.

Tesla now California's top automotive employer

Tesla has knocked off Toyota as the biggest auto employer in the state of California, employing over 6,000 people to the Japanese company's 5,300. That lead is only likely to grow, as the EV manufacturer prepares to add another 500 jobs by the end of the year, and as Toyota begins its relocation to its new North American headquarters in Texas. The news comes barely a week after the company announced a $50 million loss during the first quarter of 2014.
Tesla's statewide employment could be set to double, beyond even 6,500 people, if it follows through on rumors to construct its eagerly awaited gigafactory in the Golden State. The $5-billion venture could add another 6,500 employees, making Tesla not just the largest automotive employer in the state, but making it one of the largest employers in the state full stop.
The investment of Tesla and its founder (and real-life Tony Stark), Elon Musk, has been substantial. The company has added 3,000 employees in the state since 2013, reopening the Toyota and General Motors joint-venture factory that use to be known as NUMMI in 2009 and constructing a design studio in Los Angeles, all in addition to its Palo Alto headquarters.

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.