30 Jul '12, 7am

Tesla reports significant losses: A bleak picture was painted when Tesla Motors sent a letter to its shareholder...

A bleak picture was painted when Tesla Motors sent a letter to its shareholders outlining a significant non-GAAP (generally accepted accounting principles) net loss for the second quarter of the year: at a staggering $93million. During the quarter, the company reported revenue of $27million, with automotive sales accounting for $22million: this including its powertrain work with both Daimler and Toyota . It marked a 15 per cent increase compared to the previous quarter as sales of the Tesla Roadster continued internationally, while the Tesla Model S (pictured) began deliveries in the USA. There were also sales for the Toyota RAV4 EV included in the numbers. Model S reservations were over 11,500 at the end of the quarter: and have since expanded to 12,200; while Tesla believes it will sell out of Roadster models before the end of the year. In addition, Tesla reported “good ...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2012/0...

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Will Tesla Motors Change the World? #solar

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