cwerdna
Well-known member
Interesting... I wonder where the money is going to come from for these (for the hardware, installation and upkeep). As much admire their cars and what they're doing, I have to wonder about their finances. I watched Bloomberg Risk Takers on Elon Musk (http://www.bloomberg.com/video/73460184/" onclick="window.open(this.href);return false which is also being rerun in the next 2 weeks on Bloomberg channel. Their revenues from the Roadster are going to cease since no more gliders are coming from Lotus yet they're opening up new locations like the one in Santana Row (in Santa Clara, CA). Given the tiny quantities they've sold so far (and the 6000 reservations stated for the '12 Model S), one wonders if the money will dry up, as it has for them several times in the past.surfingslovak said:Tesla just announced their own DC charging network, picked it up on their forum:
When the batteries are depleted, Tesla says even the 300-mile range Model S will be able to recharge from full to empty in under an hour thanks to its new direct current external charger. The 90 kilowatt units will be installed by Tesla at suitable rest-stop locations or hotels alongside arterial freeways such as I-5 between Canada and Mexico.
http://www.greencarreports.com/news/1066795_breaking-tesla-making-faster-2012-model-s-0-60-in-under-4-5-seconds" onclick="window.open(this.href);return false;
I haven't looked at their finances carefully (since I don't care to own their stock), but a few quick glances at http://ir.teslamotors.com/sec.cfm?DocType=Annual&Year=&FormatFilter=" onclick="window.open(this.href);return false; and http://ir.teslamotors.com/sec.cfm?DocType=Quarterly&Year=&FormatFilter=" onclick="window.open(this.href);return false; confirms my suspicions, at least from a revenue and net loss point of view.