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Tesla Motors (TSLA -1.5%) CEO Elon Musk says that next year it expects to post its first...

Tesla Motors (TSLA -1.5%) CEO Elon Musk says that next year it expects to post its first operating profit since the electric-car venture started in 2003. He credits the success to its Model S, a new lower-priced model released in June that sells for $50K - about half the price of Tesla's Roadster. The company plans to build 5K of the new models this year and 20K in 2013, and has already taken reservations for more than 12K.
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Comments (7)
  • Anton Wahlman
    , contributor
    Comments (1418) | Send Message
     
    Is there anything new in this information? No. Every single thing in that note has been widely publicized for at least a month, most likely several months.
    29 Aug 2012, 02:07 PM Reply Like
  • John Petersen
    , contributor
    Comments (30227) | Send Message
     
    With negative working capital, no stockholders equity and an apparent difficulty ramping production beyond a couple cars a day this may well be the most irresponsible statement I've heard from the CEO of a public company.
    29 Aug 2012, 02:17 PM Reply Like
  • Williams87
    , contributor
    Comments (14) | Send Message
     
    All the kWh are in one basket: Make the Model S faster and reliably, and the first bridge to get to The Grail is passed. The first bridge. I'm in for the ride, FYI. As an owner of stock and car.
    29 Aug 2012, 03:35 PM Reply Like
  • winston123
    , contributor
    Comments (80) | Send Message
     
    John ,

     

    Have a little faith! He delivered the SUV early! SpaceX delivered on time too. Elon is a phenom!
    29 Aug 2012, 03:55 PM Reply Like
  • pat1000
    , contributor
    Comments (508) | Send Message
     
    Unless I'm mistaken, think is was the Model S
    29 Aug 2012, 04:29 PM Reply Like
  • pat1000
    , contributor
    Comments (508) | Send Message
     
    No one thinks more of Elon than I----but lately he has stated a more bearish outlook concerning Tesla---
    Believe Musk's comments are old since in "Automobile" he said "the next 6 months will determine if Tesla makes it--I believe it will"
    Sold all my Tesla and notice the short position is now up to 49.1% of the float-----
    Makes no sense to me to now own Tesla-----I'll probably buy it if can hit 35 and buy a lot more if it makes a new high----until then I hope Tesla makes it but it sure seems they will need a cash infusion--
    29 Aug 2012, 04:01 PM Reply Like
  • Nicu Mihalache
    , contributor
    Comments (1081) | Send Message
     
    Great strategy! Buy high and sell low. Just like with your options, getting run over both ways.
    30 Aug 2012, 03:06 AM Reply Like
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