Tesla Losses Soar to $154.3 million in 2010, Despite Gains in Revenue

Tesla Motors has just released a preliminary, unaudited financial report concerning the year than ended on Dec. 31, 2010. The company reported losses of US$51.4 million in Q4 2010 and US$154.3 million for 2010, which was almost triple the US$55.74 million loss for the year ending Dec. 31, 2009.

The EV automaker's revenue, however, rose approximately 5 percent in 2010 to $116.7 million. Revenues for the fourth quarter of 2010 were US$36.3 million, a 16% increase from the US$31.2 million reported in the prior quarter. Tesla added that gross margin improved to 26% for the full year 2010, up from 9% for 2009.

The company 's future plans include the launch of the Model S, which is scheduled to go on sale in the middle of next year. Scroll down to read Tesla CEO Elon Musk's statement.

“We are very pleased to report continued revenue growth, improving margins and a steady progression in our Roadster and powertrain activities,” said Elon Musk, CEO of Tesla Motors. “Our powertrain team delivered solid results, with an increase in orders and record deliveries of battery packs and chargers for the Daimler Smart fortwo electric drive, the completion of our development program for the Daimler A-Class, and the commencement of the phase 1 development program for the Toyota RAV4 EV.”

“The highlight of the quarter was our on-time completion of the first drivable Model S alpha,” continued Musk. “The quality and level of refinement of the alpha demonstrates the superb job of our design, vehicle engineering and powertrain teams. They have embraced the opportunity to build an EV from the ground up and have produced a vehicle which shows great potential to deliver superior aerodynamics, stability and handling, crash safety, performance and range. We believe the Model S is well on its way toward becoming the vehicle of choice for 2012.”

READ MORE - Tesla Losses Soar to $154.3 million in 2010, Despite Gains in Revenue

Tesla Losses Soar to $154.3 million in 2010, Despite Gains in Revenue

Tesla Motors has just released a preliminary, unaudited financial report concerning the year than ended on Dec. 31, 2010. The company reported losses of US$51.4 million in Q4 2010 and US$154.3 million for 2010, which was almost triple the US$55.74 million loss for the year ending Dec. 31, 2009.

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READ MORE - Tesla Losses Soar to $154.3 million in 2010, Despite Gains in Revenue

Tesla to Extend its Lineup with an All-Electric SUV by 2014

*Opening Photo: Tesla Model S

Lately, the folks over at Tesla have been very busy developing the upcoming Model S sedan and, together with Toyota, the all-electric version of the RAV4 compact SUV. But there’s more, as according to an LA Times report, the California-based automaker is also working on a small SUV of its own, currently named Model X.

Scheduled to go on sale by 2014, the new crossover model is said to offer more cabin space compared to similarly sized SUVs thanks to the electric powertrain, which, unlike an internal combustion engine and conventional transmission, needs less space.

Tesla hasn’t released any other information, but it’s quite possible that the Model X will follow in the footsteps of the Roadster and Model S. That means customers can expect good handling characteristics, multiple battery pack options to suit specific autonomy needs and a versatile interior. Last but not least, Tesla’SUV should also qualify for some kind of federal tax credit.

READ MORE - Tesla to Extend its Lineup with an All-Electric SUV by 2014

Tesla to Extend its Lineup with an All-Electric SUV by 2014

*Opening Photo: Tesla Model S

Lately, the folks over at Tesla have been very busy developing the upcoming Model S sedan and, together with Toyota, the all-electric version of the RAV4 compact SUV. But there’s more, as according to an LA Times report, the California-based automaker is also working on a small SUV of its own, currently named Model X.

Read more »

READ MORE - Tesla to Extend its Lineup with an All-Electric SUV by 2014

Tesla Opens European Flagship Showroom in London

Electric sports car maker Tesla opened its first UK dealership in the heart of London at the Knightsbridge district. The 5,000 square-foot showroom on Cheval Place which is in walking distance from Harrods department store and convenient to Heathrow Airport will act as Tesla's European flagship store and will be followed by sales and service centers in Monaco, Munich and Zurich as well as four new stores in the United States.

The company said that it will begin delivering cars to European customers this summer of which the first 250 will be the Signature Edition Roadster model, priced from £94,000 on the road, but UK customers will have to wait until early 2010 for the first right-hand drive models. All in all, Tesla said that it has received 1,300 European orders for the all-electric Roadster model.

"Thanks to an abundance of discriminating drivers and progressive public policy, Tesla is already well known in Europe," said Tesla CEO Elon Musk. "We expect the London store to dramatically increase our brand identity throughout the continent, and with right hand drive models now due at the beginning of next year, the UK market will provide a solid foundation on which to build this."

Along with the Roadster, Tesla said that is also taking reservations for the four-door Model S sports saloon that is due for production in late 2011.

READ MORE - Tesla Opens European Flagship Showroom in London

Tesla Model S Road Testing Underway [with Video]

It has been a long journey, but it looks like the Tesla Model S all-electric sport sedan is one step closer to series production as the California-based automaker announced it is moving on to the final road tests. The first phase called Alpha, which began in 2010, includes both computer simulations and test-drives of prototype vehicles. There will be a Beta phase as well.

“The first Alpha is amazingly agile for a car of its size. It has great handling balance and poised ride with communicative steering. Just goes to show what combining a low center of gravity with a very stiff body structure can achieve”, said test drive Graham Sutherland.

According to Tesla, Alpha cars will be tested in the coming months in all sorts of climatic conditions, which should help engineers improve the EV’s driving dynamics.

Tesla’s second model after the Roadster offers seating for five adults and two children. The Model-S' drivetrain consists of an electric motor coupled to a single-speed transmission and a floor-mounted lithium-ion battery pack. Customers will be able to specify their cars with one of three available battery packs offering a driving range of up to 160, 230 or 300 miles (258, 370 or 483 kilometers).

Roughly the same size as a BMW 5-Series, the Model S sprints to 60 mph (96 km/h) in 5.6 seconds and can reach a top speed of 130 mph (209 km/h). Production is set to begin in 2012 and Tesla is currently taking orders, with the base price set at US$49,000, including a US$7,500 Federal tax credit.

READ MORE - Tesla Model S Road Testing Underway [with Video]

Tesla Model S Road Testing Underway [with Video]

It has been a long journey, but it looks like the Tesla Model S all-electric sport sedan is one step closer to series production as the California-based automaker announced it is moving on to the final road tests. The first phase called Alpha, which began in 2010, includes both computer simulations and test-drives of prototype vehicles. There will be a Beta phase as well.

Read more »

READ MORE - Tesla Model S Road Testing Underway [with Video]

Fulton Innovation Wirelessly Charges Tesla Roadster

A few days ago we brought you the news that GM will begin offering in-car wireless charging mats for mobile phones as an option from Q3 2012. These devices, that are making big waves at trade shows both in the U.S. and around the world, do away with the pesky cords and bulky adapters of old, replacing them with two conductive metal plates (i.e. one on the back of your phone and one in your car).

So imagine if you could charge your electric car this way. It should be simple, right? You’d just need to upscale it to suit charging a bigger battery. Well, at the 2011 CES technology trade show in Las Vegas, Fulton Innovation showed such a gadget by wirelessly charging the be-all and end-all of electric vehicles: the Tesla Roadster.

The eCoupled Powerspot, as it is called, works on the same principles as its smaller cousins and can even provide you with charging updates through a smart phone app. Do you want to keep track of how much it costs to recharger your electric car? The app can do that too.

There’s even a video, though admittedly it’s not very interesting. No electrical arching or unearthly humming noise here, I’m afraid; just a silent, practical vision for the future. You can check out the video for yourself, if you’re so inclined. There’s no indication of when this technology will be available, though I suspect we will be seeing it within the next five years or so.

It has, after all, been used by Hino to recharge electric busses for at least the past two years. It’s not so much a matter of if but when, and whether it can be made cost effective. One thing is for sure, the future for electric vehicles just got a little brighter.

Via: Jalopnik & The Next Web

READ MORE - Fulton Innovation Wirelessly Charges Tesla Roadster

Fulton Innovation Wirelessly Charges Tesla Roadster

A few days ago we brought you the news that GM will begin offering in-car wireless charging mats for mobile phones as an option from Q3 2012. These devices, that are making big waves at trade shows both in the U.S. and around the world, do away with the pesky cords and bulky adapters of old, replacing them with two conductive metal plates (i.e. one on the back of your phone and one in your car).

So imagine if you could charge your electric car this way. It should be simple, right? You’d just need to upscale it to suit charging a bigger battery. Well, at the 2011 CES technology trade show in Las Vegas, Fulton Innovation showed such a gadget by wirelessly charging the be-all and end-all of electric vehicles: the Tesla Roadster.

Read more »

READ MORE - Fulton Innovation Wirelessly Charges Tesla Roadster

Brabus Plugs into the Tesla Roadster with New Sport Green Package

In an effort to provide added value to its customers, Brabus’ Zero Emission division joined forces with German electricity company RWE and created the Green Package for the Tesla Roadster. Along with a host of exterior and interior upgrades, the 'green' package includes a quick charging station for the owner’s garage and 30,000 kilometers (18,641 miles) worth of electric power from RWE. And there’s more; with every purchase, buyers also receive a one-year pass for free use of all public RWE charging stations.

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READ MORE - Brabus Plugs into the Tesla Roadster with New Sport Green Package

Video Humor: Hitler has had it with Tesla and the EV Industry

Using a classic scene from the 2004 German movie 'Der Untergang'" (The Downfall) that depicted the final twelve days of Adolf Hitler in his Berlin bunker and Nazi Germany in 1945, the folks over at EVCast created a short parody with Hitler blowing a fuse on Tesla and the rest of electric-car industry. If you're looking for a quick laugh, then just hit the jump and enjoy.

source: http://carscoop.blogspot.com

READ MORE - Video Humor: Hitler has had it with Tesla and the EV Industry

Tesla Accepts More Than 700 Pre-Orders for Model-S in Two Weeks

In spite of the fact that the first examples of the Model S won't roll off the company's production line in California before late 2011, Tesla Motors has received 711 orders for its all-electric sports sedan in the two weeks that followed the unveiling of the car. The estimated base price of the Model S is $49,900 after a US federal tax credit of $7,500, with customers required to pay a $2,000 refundable deposit. There's also a Signature Edition that will be produced in 2,000 units which requires a hefty $40,000 reserve fee which is also refundable.

The Model S that can accommodate up to seven passengers -five adults and two children at the rear cargo area- features an electric drivetrain launching the sports sedan from zero to 60mph (96km/h) in 5.6 seconds and on to a an electronically limited top speed of 120 mph (209 km/h).

The sports sedan come with three available battery pack choices that offer a range of 160, 230, or 300 miles (257, 370 or 482 kilometers) per charge. The lithium-ion batteries can be recharged from any 120V, 208V or 240V outlet or quick-charged from an external direct current supply in 45 minutes.

source: http://carscoop.blogspot.com

READ MORE - Tesla Accepts More Than 700 Pre-Orders for Model-S in Two Weeks

Tesla Model S Sports Sedan: First Live Videos on the Road

These are the first videos with driving footage of Tesla's all-electric Model S sports saloon that was introduced last week to the members of the press more than two years ahead of its scheduled U.S. and European market debut in late 2011. From the looks of it, the Model S was filmed making a few rounds on the road before and after the official presentation in Hawthorne, California, with the company's CEO Elon Musk behind the steering wheel. Hit the jump to watch the videos.

READ MORE - Tesla Model S Sports Sedan: First Live Videos on the Road

Tesla Model S Electric Sport Sedan: High-Res Gallery and Official Details

The wraps finally came off Tesla's all-new, plug-in electric sports sedan, the Model S, on Thursday in Los Angeles. Concisely, the Model S can seat up to seven passengers (we'll explain this below), sprint from zero to 60mph or 96km/h in just 5.6 seconds and go up to 300 miles or 480km on a single charge. First deliveries in North America and Europe will begin in late 2011 with the U.S. model featuring a base price of $57,400 or $49,900 after a federal tax credit of $7,500.

Now onto a more detailed view on the Model S. The photos reveal that Tesla's designers were heavily influenced by European cars and in particular the Jaguar XF when it came to the notchback's buttocks and profile and to a less extent, the Maserati GranTurismo for the car's front-end styling. Similarities aside, the Model S looks the part and we reckon that its design will be one of its strong points.

So what's with the seven seats, we hear you ask? Well, Tesla claims that the Model S which has an overall length of 196-inches (4,978mm) or somewhere between a BMW 5 and 7-Series, offers seating for five adults plus two rear-facing and foldable seats for children in the rear cargo area. Even in this configuration, the Model S can still carry some of your luggage as it has a second trunk under the hood.

Tesla's second model after the Roadster comes equipped with an electric drivetrain that includes an electric motor, a floor-mounted lithium-ion battery pack and a single-speed gearbox, launching the BMW 5-Series-sized sports sedan from naught to 60mph (96km/h) in 5.6 seconds and on to a top speed of 130 mph or 209 km/h. In the near future, Tesla aims to enrich the Model S' range with Sport and AWD versions.

The Model S will be available with three different battery pack options capable of offering a range of up to 160, 230 or 300 miles per charge. Tesla said that the battery pack can be quick-charged in 45 minutes at a cost of about $4 - or so the California-based company claims.

READ MORE - Tesla Model S Electric Sport Sedan: High-Res Gallery and Official Details

2011 Tesla Model S All-Electric Sports Sedan Photos Leaked!

The first official photographs of Tesla's highly anticipated Model S have been prematurely leaked into the internet ahead of the all-electric sports sedan's official debut which is scheduled for this afternoon in Los Angeles. And yes, the first thing that came up to our mind is that the Model S's rear-end and profile bear a 'chilling resemblance to the new Jaguar XF.

Tesla's new proposal is set to arrive on the market in late 2011 with an anticipated base price of $57,400 or $49,900 after a federal tax credit of $7,500. We'll have more info and photos of the Model S latter on in the day.

Via: Jalopnik

READ MORE - 2011 Tesla Model S All-Electric Sports Sedan Photos Leaked!