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Consumer Reports weighs in with its first Tesla Model S review

Everyone has been chiming in with their thoughts on the Tesla Model S lately, and with the car taking home awards like the prestigious Motor Trend Car of the Year, this probably won't change anytime soon. Not wanting to be left in the dark, Consumer Reports has managed to get its hands on a Model S to give its own impressions of the luxurious electric hatchback.
Like many other outlets (including our own first drive), CR praised the Model S for its styling (which it compares to an Audi A7) and performance (which it says "can put serious hurt on a Corvette"). With limited time with the car, the video doesn't touch on the specific range the institute attained, but it appears most of the car's time was spent on the track anyway.
On the flip side of things, CR dinged the Model S for its retractable door handles which the reviewer refers to as "fussy," and as much as CR has blasted Ford and its MyFord Touch for being distracting and largely button-less in the past, we were surprised at how much it seemed to adore the lack of buttons on Model S. They even glossed over the fact that drivers can surf the Web on the 17-inch touch screen while driving.

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 to introduce all-wheel-drive Model S in 2014?

The Model X sport utility vehicle may not be the first all-wheel-drive Tesla to hit the market. According to The Verge, Tesla is working on an AWD version of its Model S sedan. Currently, the Model S is only available with rear-wheel drive, but sources in the know at Tesla reportedly have said that an AWD version could be released as early as 2014, which is the same year the SUV is expected to be launch.
There was no hint in yesterday's conference call or shareholder letter that an AWD Model S is in the mix. Furthermore, the company's attention currently is focused in other places, such as Europe, Japan and China. But, as The Verge points out, CEO Elon Musk made comments in the 2013 annual shareholder meeting on June 4 about an AWD chassis that would be released in 2014 or 2015 - without the context of the Model X. We have to wonder: were the SUV's drivetrain and chassis also developed with other vehicles in mind?
Our own Domenick Yoney from AutoblogGreen adds another peculiar twist to the Tesla story: "When I spoke to Dorian West, Director of Powertrain Hardware Engineering, at Refuel, I was given the strong impression that I shouldn't expect anything [on the AWD front from Tesla] until after the Model X comes out."