Tesla Logged $713 Million In Revenue In Q1 and Built 7,535 Cars 131
cartechboy (2660665) writes "Tesla just announced its first-quarter earnings and the numbers are interesting. It logged revenue of $713 million on deliveries of 6,457 Model S electric cars. It's worth noting that's basically the number of vehicles it said it would sell in the quarter, but that number is slightly down from the prior quarter. It built a total of 7,535 Model S cars in the quarter as it built inventory as shipments began to China where sales just started last month. Net orders in North America grew 10 percent, and production for the second quarter is expected to increase to 8,500-9,000 Model S cars. Tesla expects to deliver 35,000 cars during the 2014 calendar year. Musk told analysts that China's enthusiastic and that government support is crucial. The Model X is delayed until spring of 2015 with production-design prototypes being ready in the fourth quarter. Tesla hopes to possibly break ground as early as next month on its gigafactory, though the location has yet to be announced. Of course, the stock market is already reacting to these numbers and is currently down nearly 3 percent in after hours trading."
Odd numbers (Score:4, Interesting)
There is a lot I don't understand at financial reports, but these numbers really strike me as odd.
How can you have a revenue of 731 M$ while producing in the same period about 500 M$ worth of merchandise? Said otherwise, for each car produced in Q1, they have a revenue of about 100 k$. I know the Tesla is not a cheep car, but that seems excessive. Or did I miss something here?
Re: Sponsor? (Score:2, Interesting)
This is a site for nerds. Name a nerdier topic than Tesla.
Re:going off-grid (Score:5, Interesting)
Your house is very inefficient, but not untypical of some parts of the world.
Nissan has been offering this service for a few years in Japan. You use your Leaf as a UPS in the event of power failure. They say you can run your essential appliances (fridge/freezer, lighting) for a few days. You can also use it for a bit of solar PV smoothing. It isn't really designed to let you go off-grid though.
Re: Sponsor? (Score:4, Interesting)
All of these are nerdier, but perhaps not as easily digested.
Re:Down 3%?! (Score:4, Interesting)
Damn phone sent my reply too soon.
People who invest in things like Tesla doesn't always do it for hand over fist profit. They sometimes do it because they support the objectives of the company or that is aided by the company's operations. There is an entire industry related to investing based on your social concious. They don't typically earn as much money as other investments bur they know that going in.
So yes, yes i would grab a parking spot when people are fleeing a burning skyscraper. Its because my mind set might be to put the fire out or help injured people comming down instead of being safe and secure far away. I kniw that analigy sucks but a burnibg skyscraper and investing is hard to tie together when the reasoning isn't exactly obvious.