Toyota bZ Woodland is adventure-ready AWD electric SUV

More

Toyota C-HR Returns To America, Battery-Electric This Time

More

Skoda Enyaq RS gets a new look and equipment

More

Audi unveils new A6 plug-in hybrid models with increased efficiency and performance

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Tesla Model S Sales Exceed Target

Tesla-Model-S-Europe
Tesla Motors announced that sales of its Model S electric sedan exceeded the target provided in the mid-February shareholder letter.

As customers who note their Model S serial number this weekend will realize, vehicle deliveries (sales) exceeded 4,750 units vs. the 4,500 unit prior outlook. As a result, Tesla is amending its Q1 guidance to full profitability, both GAAP and non-GAAP.

“I am incredibly proud of the Tesla team for their outstanding work. There have been many car startups over the past several decades, but profitability is what makes a company real. Tesla is here to stay and keep fighting for the electric car revolution,” said Elon Musk, Tesla Motors co-founder and CEO. “I would also like to thank our customers for their passionate support of the company and the car. Without them, we would not be here.”

Also being announced is that the small battery option for the Tesla Model S will not enter production, due to lack of demand. Only four percent of customers chose the 40 kWh battery pack, which is not enough to justify production of that version. Customers are voting with their wallet that they want a car that gives them the freedom to travel long distances when needed.

The customers who ordered this option will instead receive the 60 kWh pack, but range will be software limited to 40 kWh. It will still have the improved acceleration and top speed of the bigger pack, so will be a better product than originally ordered, and can be upgraded to the range of the 60 kWh upon request by the original or a future owner.

Tesla is also revealing a small Easter egg today: all 60 kWh cars have been and will be built with Supercharger hardware included. Tesla is taking a slight cost risk that ultimately all customers will want to buy the Supercharger upgrade and receive unlimited, free long distance travel for life. Even for those that never drive long distances, this will improve the resale value of their car to people that do.

Apr 1, 2013Blagojce Krivevski
Electric Cars Will Sell Better When Paired with Clean Energy: StudyEV Drive Motor Sales to Triple by 2020
You Might Also Like
 
Tesla reports Q1 results; to deliver 90k EVs this year; build 500k in 2018
 
Saleen to Unveil Foursixteen Tesla Model S at Peeble Beach
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

April 1, 2013 Electric Car Newsmodel s, Model S Sales, tesla model s, Tesla Model S sales, tesla motors
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • pinterest
  • rss
Recent News
IONITY secures €600m to expand EV infrastructure in Europe
May 19, 2025
Volvo starts electric bus production in Brazil
May 19, 2025
Dubai Police Unveils Fully-Electric Lotus Emeya-S at World Police Summit
May 18, 2025
Volvo to start electric truck production in Australia, receives order for 30 electric trucks
May 17, 2025
2026 GMC HUMMER EV gets more power and more off-road capability
May 16, 2025
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
IONITY secures €600m to expand EV infrastructure in Europe
May 19, 2025
Volvo starts electric bus production in Brazil
May 19, 2025
Dubai Police Unveils Fully-Electric Lotus Emeya-S at World Police Summit
May 18, 2025
Get in touch

Email: [email protected]

Get new stories by email:
Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • pinterest
  • rss
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.