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d*2
发帖数: 2053 | 1 http://www.dailytech.com/Tesla+is+Blowing+Money+Fast+Loses+35M+USD/article20121.htm
Jason Mick (Blog) - November 10, 2010 1:11 PM
Company says it doesn't care about quarterly profitability
Tesla is sort of like hip-hop superstar of the auto world -- it's blowing
through money like it could be dead tomorrow.
The company had plenty of promising news so far this year. In May it
announced that Toyota invested in it and contracting it to help produce
Toyota's upcoming electric RAV4 crossover SUV. The company also secured $
226M USD in cash from a initial public offering of stock.
However, according to its latest earnings report it bled out $103M USD in
only its first 3 quarters to date. Its latest loss -- for Q3 2010 -- was at
$34.9M USD. That's disappointing considering that in Q3 2009 the company
only lost only $4.6M USD, and was profitable for the first two quarters of
2009.
Company founder and chief executive Elon Musk received the news of the big
loss casually, commenting to the San Jose Mercury News, "Attaining quarterly
profitability isn’t a goal… We’re very focused on long-term
profitability."
Mr. Musk who pocketed a tidy sum of cash during the stock offering, says
that with Toyota's support, too, the losses are less of a concern, writing
in the earnings report:
We are very pleased to report steady top-line growth and significant
growth in gross margin, driven by the continued improvement in Roadster
orders and our growing powertrain business. Roadster orders in this quarter
hit a new high since the third quarter of 2008, having increased over 15%
from last quarter. While some of this is due to seasonal effects associated
with selling a convertible during the summer months, we are pleased with the
global expansion of the Roadster business and the continued validation of
Tesla’s technology leadership position evidenced by our new and expanding
strategic relationships.
So if Roadster orders are increasing, why is Tesla losing so much money?
The answer lies in its entry-level luxury electric vehicle, the Model S,
which it wants to roll out. Tesla hopes to sell the car for around $40K USD
, after tax credit. However, cutting its production costs in half is no
easy chore -- particularly when Tesla hopes to complete the vehicle in just
over one more year, beginning assembly in early 2012.
Tesla also has the advantage of strong support from the Obama administration
and the U.S. government. President Obama recently urged Republicans in
Congress to back EV funding.
Those factors have led investors to be generally optimistic, and share
prices currently are at above $24/share, over a 40 percent gain over the IPO
price of $17/share.
The critical test for Tesla, though, will come in 2012 -- the same year that
the Roadster will cease production. If it can't deliver sufficient
quantities of the 2013 Tesla Model S, or if it faces delays that could spell
disaster for the newly public automaker. And even if it can produce the
vehicle, it faces the further test of whether the relative "masses" of entry
luxury buyers really desire an electric vehicle from a relatively green
automaker. Tesla and Mr. Musk believe (or at least say they believe) that
the Model S will sell very well -- and they better hope so, as the company's
success depends on it. | s*******e
发帖数: 4188 | 2 tesla动作太慢了，第一个roadster model 2006就出来了，Model S还要等到后年，而
且还不便宜。现在价位不太高的Nissan Leaf都出来了，过两年没准BYD也要成熟了 |
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