Finally, we know the number. Tesla Motors announced today that it sold 5,150 Model S
electric vehicles in North America last quarter. Divide by three and
you see that the California company sold around 1,700 cars a month,
which puts it right up there with the current plug-in vehicle champions, the Nissan Leaf and the Chevy Volt.
That's despite the fact that the cheapest Model S, which starts at
$69,900 but often sells for a lot more with better options, costs at
least twice as much as the sales leaders. Tesla said it was making
"almost 500 vehicles per week" in the second quarter of this year.
The sales contributed to an overall increase in net income (non-GAAP) of 70 percent compared to the first quarter, up to $26 million. Tesla said it achieved a gross margin of 22 percent (non-GAAP), "despite significant reduction in ZEV credits" (which was no surprise) and should hit 25 percent by the fourth quarter of 2013. That number is simply a company's sales revenue with the cost of goods sold taken out, divided by total sales revenue. Put it all together and you get the following statement: "Our financial position and balance sheet have never been stronger." Still, there was no talk in today's conference call of an overall profitable quarter, as there was three months ago.
http://green.autoblog.com/2013/08/07/tesla-sold-5150-models-s-evs-in-q2/
The sales contributed to an overall increase in net income (non-GAAP) of 70 percent compared to the first quarter, up to $26 million. Tesla said it achieved a gross margin of 22 percent (non-GAAP), "despite significant reduction in ZEV credits" (which was no surprise) and should hit 25 percent by the fourth quarter of 2013. That number is simply a company's sales revenue with the cost of goods sold taken out, divided by total sales revenue. Put it all together and you get the following statement: "Our financial position and balance sheet have never been stronger." Still, there was no talk in today's conference call of an overall profitable quarter, as there was three months ago.
http://green.autoblog.com/2013/08/07/tesla-sold-5150-models-s-evs-in-q2/
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