2022 Tesla Model Y Performance 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 trying to keep Model X demand low for now

When running a business, having to throttle the hype for a new product isn't such a terrible problem to have. That's exactly was Tesla is doing with its Model X SUV, which is slated to go on sale next year. During a quarterly earnings call (transcript available here), Tesla CEO Elon Musk explained that Tesla is currently steering customers away from the upcoming electric ute. "If somebody comes in who wants to buy the X, we try to convince them to buy the S." – Elon Musk "There are no cars available for a test drive," says Musk. "There is no information about the cars in our stores because we're only selling the S. In fact, if somebody comes in who wants to buy the X, we try to convince them to buy the S. So we anti-sell it." Sure, but why not get out in front of the Model X release, and encourage people to adopt early? According to Musk, Tesla can create demand for the Model X "at will." He just doesn't want customers twiddling their thumbs while they wait for their new car to become available. Musk says that in China, the only grievances were customers who were "upset about waiting too long for their car. So it's like, boy, we better not stoke demand in that situation." So it sounds like confidence is high over at Tesla concerning the Model X (perhaps Mr. Musk wouldn't mind sharing the patent for his magic demand wand). Customers, just make sure to temper your desire for the electric SUV for now, or you might just end up behind the wheel of a Model S sedan.

Figuring out exactly how much it costs to charge Tesla Model S

Is the Tesla Model S an electricity guzzler? One driver trying to answer that question says it does gobble down more juice than previously thought, but it's not time to make Hummer jokes just yet. First, the goal: Tesla's claims that properly set up home-charging stations can get about a 91-percent efficiency rate. Rob M. from Teslarati has been diligently tracking electricity used by his home charging station – made up of a NEMA 14-50 outlet that was professionally installed and Tesla's Universal Mobile Connector (UMC) – since June, as we reported here. The results for the month that ended July 21 revealed that the Model S was taking in about 82 percent of the electricity it was pulling from the system, indicating an 18-percent loss of electricity. Most EVs are thought to charge at an 88 to 90-percent efficiency rate. The downside to his results? About $26 more per month in electricity costs than previously estimated on about 2,400 miles worth of driving. There is a positive upshot, though: his monthly fuel savings totaled about $334 compared to driving an internal combustion engine vehicle. These early results are intriguing, and make us wonder... Is anyone else checking in on their Model S charging efficiency?