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Tesla Model X Prototype Crossover Revealed with Falcon Door Fixation – Rumor Central

Tesla Model X Prototype Crossover Revealed with Falcon Door Fixation

Tesla CEO Elon Musk revealed the Tesla Model X prototype to the world today at the site of his other big endeavor, the Space X rocket factory in southern California, which builds the Falcon 9 rocket ship.

Elon Musk is Standing Inside the Backseat of Tesla Model X 300x198 image

Tesla CEO Elon Musk stands under the Tesla Model X's massive rear doors.

The signature feature of the Model X prototype is a falcon of a different kind, what Tesla calls falcon-wing doors, a two-piece articulated gullwing door. Unlike ‘ordinary’ gullwings, the Model X’s powered articulation allows them to stay close to the car’s sides as they rise, making ingress and egress in tight parking spots a snap, just step in and sit down. Musk stood up under them to show how much room there is with the falcon doors in full flight. The opening’s unusually long length also helps accessing the Model X’s twin, third-row seats (there are seven seats in all).

While the Tesla Model X is still of course a prototype with many details that will change, it will share much with its Model S sedan sibling, including its imposing 17-inch hi-res, multi-touch display and its overall vehicle architecture.

Also the same as the Model S will be its pancake-flat, under-floor battery packs in two sizes (60 and 85 kW-hrs). The small, 40 kW-hr size will only be available in the S. Given the bigger size and weight of the Model X, range will likely be at least 10 percent less than what is expected from the Model S, somewhere between about 214 to 267 miles depending on the battery. Recharge times are unchanged at about four hours for the big battery.

Extending the Model X’s extruded structure between the front and rear cast aluminum subframes has allowed the wheelbase to grow by about four inches over the Model S. Combined with the low, flat battery and the small-size and low-positioning of the electric motors (a second, front motor with about half the rear’s estimated 300 horsepower will be optional), there’s room galore. There’s a generous rear cargo hold even with the third-row seat erected, plus a decent front trunk as well. The Model X’s air suspension will allow it to vary its ride height by about an inch. Musk estimated the Model X will weigh between 10-15 percent more than the Model S at about 4700 lbs.

Tesla says power can be transferred instantly between the front and rear motors (lateral distribution being via individual brake application). There’s also greater regen braking available. Musk claims the Model X will move from 0-to-60 in as little as 4.4 seconds to 60 mph (from presumably a sport edition). Pricing is expected to about the same as the Model S, which starts at $49,900 after the Federal tax credit. Production of the Model X is expected to start late next year with volume delivery happening in 2014. -Photos by Jason Davis





By Automobile Staff

Elon Musk, New York Times Spar Over Tesla Model S Driving Range – Rumor Central

Elon Musk, New York Times Spar Over Tesla Model S Driving Range

Just how far can you drive an electric car? That’s the subject of a mild argument between Tesla Motors CEO Elon Musk and The New York Times, after the latter published a story claiming a Tesla Model S electric car couldn’t drive as far as its range estimates predict.

Reporter John M. Broder planned to test Tesla’s new Supercharger network by driving a Model S with an 85-kWh battery from a Supercharger point in Newark, Delaware, to Milford, Connecticut — a distance of 206 miles. Yet Broder says that the car arrived at the Supercharger point with its range readout pointing to 0 miles, because parking the car overnight in cold weather had apparently sapped 21 miles of battery range.

Eventually Broder ran out of charge on a highway exit ramp, and the Tesla Model S had to be towed to a charging station. “If this is Tesla’s vision of long-distance travel in America’s future,” he wrote, “it needs some work.”

Tesla CEO Elon Musk, however, was less than pleased with this story. He publicly accused the Times of manipulating the story and providing an unfair verdict on Model S driving ranges. Musk’s assertion was based, in part, on checking vehicle charging logs that are available through the Tesla’s in-car telematics system.

“NYTimes article about Tesla range in cold is fake. Vehicle logs tell true story that he didn’t actually charge to max & took a long detour,” Musk wrote on Twitter. “Am not against NYTimes in general. They’re usually fair & their own prev Tesla test drive got 300+ miles of range!”

A spokeswoman for The New York Times told Reuters that the paper denies Tesla’s claims. She said that Broder, “followed the instructions he was given in multiple conversations with Tesla personnel” and that his account of the road trip, “was completely factual, describing the trip in detail exactly as it occurred. Any suggestion that the account was ‘fake’ is, of course, flatly untrue.”

Tesla predicts versions of the Model S equipped with an 85-kWH lithium-ion battery can drive 300 miles on single charge, although the EPA said the cars can manage just 265 miles on a single charge. While Tesla acknowledges that battery life can degrade by about 10 percent in cold weather, the automaker still believes its car should have traveled than Broder managed in his road trip.

It’s worth noting that our colleagues at Motor Trend managed to drive a Tesla Model S from Los Angeles to Las Vegas, a distance of 212 miles, even despite crossing tall mountain ranges and occasionally using the car’s air conditioning. And subsequently, editor in chief Ed Loh drove the same Model S 285 miles on a return trip to southern California.

We named the Tesla Model S our 2013 Automobile of the Year. Motor Trend also selected the electric sedan as its 2013 Car Of The Year.

Sources: The New York Times, Reuters



By Jake Holmes

Massachusetts Dealer Lawsuit Against Tesla Dismissed – Rumor Central

Massachusetts Dealer Lawsuit Against Tesla Dismissed

One of the advantages of being the new kid on the block in business is that you often get to approach things in a different way than the more established players in the market, even down to how your products are sold. That’s the approach Tesla took in selling its vehicles, adopting a manufacturer-direct, company-owned store model. But that approach did not sit well with established, franchise model dealers, claiming the company’s model skirts the car dealer franchise laws in some states. The Massachusetts State Automobile Dealers Association in particular took issue with Tesla, and took the automaker to court after it opened a showroom in the Natick Mall.

But Massachusetts Judge Kenneth J. Fishman dismissed the suit, stating “The court is unconvinced that the 2002 amendment to Chapter 93B expanded the purpose of the statute to protect the motor vehicle franchise system,” Bloomberg reports.

Tesla CEO Elon Musk addressed the legal victory by Tesla in a statement: “We are delighted by the outright dismissal of this case, and the validation that we are operating our business in compliance with the laws and expectations of the Commonwealth of Massachusetts.”

But the dealer association hasn’t given up its fight against Tesla entirely, saying it is considering an appeal. “It’s just another bump in the road we have to address,” Robert O’Koniewski, executive vice president of the state dealer association said.

Source: Bloomberg




By Edward A. Sanchez

Tesla Plans on Early Repayment of DOE loans, Re-Files Annual Report – Rumor Central

Tesla Plans on Early Repayment of DOE loans, Re-Files Annual Report

In stark contrast to the woes faced by other upstart plugin auto brands Coda and Fisker, Tesla seems to be resolute and resilient in its business strategy. The company is so confident in its success, that it released a statement on the company blog that it intends to re-pay its Advanced Technology Vehicle Manufacturing loans five years ahead of schedule. This would put the final payment of the loan in 2017, as opposed to the original deadline of 2022.

In the heated political climate surrounding government-subsidized green energy initiatives, the company was quick to point out the that ATVM loans were initiated and approved under the Bush administration, and were completely separate from the federal bailout of General Motors and Chrysler, as well as being the smallest of the ATVM loans granted, the others being Ford at $5.9 billion, Nissan at $1.4 billion, and Fisker at $529 million. Tesla’s loan was for $465 million.

In the blog post, Tesla’s VP of Business Development, Diarmuid O’Connell, said the company expected to show a modest profit in the first quarter of 2013, excluding non-cash option and warrant-related expenses.

The company’s upcoming models were briefly mentioned in the post, including the Model X crossover, and the third-generation model, described as a high-volume, low-price model, sometimes referred to as the “Blue Star.” During its development, the Model S was coined the “White Star” by many automotive media outlets.

However, being a publicly-traded company, Tesla is under the scrutiny of investors and regulators, and announced that its annual report would be delayed due to errors in its filing, according to Bloomberg. Some unpaid capital expenditures from 2011 and 2012 will be re-classified as operating activities in the revised report.

Source: Bloomberg, Tesla




By Edward A. Sanchez

Tesla Loses $396.2 Million in 2012, Posts Net Loss In Q4 – Rumor Central

Tesla Loses $396.2 Million in 2012, Posts Net Loss In Q4

The 2012 loss grew some $141.8 million over the company’s 2011 losses, bringing the red ink to a total of $396.2 million. According to Automotive News, “manufacturing and supply chain inefficiencies” were behind the fourth-quarter loss of almost $90 million, which was up by $8.4 million over the same period in 2011.

Indeed, the automaker says much of its red ink stems directly from ramping up production of the Model S sedan, the company’s sole product at this point in time. The company says it is now churning out 400 units a day, and is allegedly on track to build roughly 20,000 copies by the end of 2013.

The negative numbers don’t seem to have placed a damper on Tesla’s outlook.  CEO Elon Musk stated during the company’s earnings call on Wednesday, “We really have a very high confidence that we will have a profitable first quarter, and this is the very first quarter that we have been at our target production rate.” It’s because Tesla has only just gotten up and running with its 400-unit-per-day rate that we don’t have full sales numbers yet; the company is still working through a backlog of orders on the Model S – unsurprising, given how impressed we were when we named the Model S our Automobile of the Year. That said, it still reported sales of 2400 cars in the fourth quarter of 2012 and has grown its international store total to 32. A total of 2650 Model S cars were sold in 2012.

Tesla is aiming to increase its global retail footprint to 52 stores by the end of this year, and also hopes to roll out a leasing program for the Model S and to continue expanding its Supercharger network. Musk stated that the expansion plans will only help to propel the company’s growth, as it currently has “over 15,000″ reservations for the Model S and expect to post a quarterly profit for Q1 of 2013. Ambitious goals, and we’ll have to wait and see how they shake out over the course of 2013.

Sources: Telsa, Automotive News (Subscription required)





By Donny Nordlicht

Consumer Reports Rates Tesla Model S 99 Out Of 100 – Rumor Central

Consumer Reports Rates Tesla Model S 99 Out Of 100

The Tesla Model S now has another strong endorsement. Product-review publication Consumer Reports gave the electric car 99 out of 100 possible points — a rating matched by only one other car in Consumer Reports’ history, the 2007 Lexus LS460L.

The Tesla Model S received the ringing endorsement from Consumer Reports because, “It accelerates, handles and brakes like a sports car, it has the ride and quietness of a luxury car and is far more energy efficient than the best hybrid cars,” automotive testing director Jake Fisher said in a statement. The publication called the Model S “the most practical” electric car on sale today, compared its handling to that of Porsche models, and said it is the quietest car CR has tested since the aforementioned Lexus LS460L.

Nonetheless, CR dinged the Tesla for its high price, long charging times, and low rear-seat headroom. The publication also warned that Tesla doesn’t yet have a proven track record of building high volumes of cars, and because so few have been sold, CR doesn’t yet have enough reliability data to give the Model S its coveted “Recommended” label.CR‘s test car is apparently averaging between 180 and 225 miles per charge; the EPA says versions with the 85-kWh battery pack have a driving range of about 265 miles.

This is just the latest in a long line of endorsements for the Tesla Model S electric car, the brainchild of entrepreneur Elon Musk. We named it our 2013 Automobile of the Year, and Motor Trend selected it as its 2013 Car of the Year.

The glowing review comes on the heels of news that Tesla posted its first profitable quarter to date, with a profit of about $11 million in the first quarter of 2013. The company said it had built 5000 units of the Model S in the first quarter, putting it on track to meet its goal of building (and, hopefully, selling) 20,000 cars this year. This news caused Tesla’s stock price to surge; as of writing, according to Tesla data, it was trading for $68, up from a closing price of $55.79 yesterday.

Sources: Consumer Reports, Tesla




By Jake Holmes

Nine Road Trip-Ready Vehicles – Rumor Central

Nine Road Trip-Ready Vehicles

Memorial Day weekend means many things to many people, but it universally signals the start of one summer tradition: road trips. Regardless of if you’re heading to see family, escape into the great outdoors, or simply crisscross the country, we’ve rounded up some ideal road trip vehicles for those seeking to hit the road this summer.

Volkswagen Passat TDI front three quarters view 2 300x199 imageI want to…go there and back on a single tank.

Volkswagen Passat TDI

Base Price: $26,225
EPA mileage: 30 mpg city/ 40 highway

There are a number of thrifty, diesel-burning vehicles offered in North America – and plenty from the Volkswagen Group, at that – but few strike us as ideal for long-distance road tripping when compared to the Passat TDI. Volkswagen’s diesel-sipping midsize sedan is powered by a 2.0-liter turbo-diesel, which cranks out 140 hp. What it lacks in sheer power, however, it delivers in impressive fuel economy. Fitted with the optional six-speed automatic transmission, a 2013 Passat is rated at 30 mpg city, 40 mpg highway.

These numbers are incredible when you consider the size of the Passat. Yes, it’s deemed a midsize sedan, but at 191.6 inches long, it’s on the larger end of that spectrum. That extra size results in plus-sized interior, with enough space for large adults to sit in both the front and rear seats. Think you sacrifice on cargo space? Wrong again – there’s 15.9 cubic feet with the rear seats up, allowing the trunk to resemble Mammoth Cave – albeit with a bit more plastic trim and carpeting.

Mercedes Benz Sprinter passenger van front three quarters view 300x199 imageI want to…bring the entire family. And I do mean the ENTIRE family.

Mercedes-Benz Sprinter

Base price: $41,315

EPA mileage: not tested by EPA

If the tired stereotype of precocious in-laws and annoying extended family members applies to you, skip this section. If not – and you’d actually like to travel with your large family using as few vehicles as possible – there’s really only one option shy of picking up a used transit bus at public auction: the Mercedes-Benz Sprinter. In its passenger form, the Sprinter seats up to twelve fairly comfortably, and even more comfortably if equipped with the cathedral-spec, 107.5-inch tall “high roof” option. The 140-inch wheelbase provides plenty of space (23.7 cubic feet) aft of that rear bench, but the elongated 170-inch model provides up to 31.2 cubic feet. We’ve seen (and lived) in urban apartment dwellings with less usable space than a Sprinter.

Yes, the sliding door rattles a bit over bumps; no, interior materials aren’t the fanciest; and yes, the price tag – especially if you go crazy with stand-alone options – isn’t inexpensive – but that’s beside the point. For such a gargantuan people mover, the Sprinter is surprisingly easy to drive – and it’s also incredibly efficient. Its weight class allows it to sidestep EPA testing, but we’ve frequently seen combined averages around the 19-20-mpg mark. For a vehicle that has the aerodynamic profile of a two-story house, that’s impressive.

Tesla Model S front view on road 300x199 imageI want to…use no gasoline, diesel, or combustible fuel at all.

Tesla Model S

Base price: $71,070

EPA rating: 88 mpge city/ 90 highway
Yeah, we get it – electric cars aren’t necessarily road-trip vehicles, or if they are, they’re only so when paired with a range-extending internal combustion engine. Still, if you insist on using a battery-powered vehicle for a road trip, it’s hard to best the Tesla Model S. Why? Space, for starters. There’s room for five passengers within the Model S, although that number grows to seven if you opt for the small, rear-facing jump seat. We’d skip that, as it frees up the rear cargo area for your luggage and other belongings. Between that area and the “frunk” beneath the hood, there’s nearly 31.6 cubic feet of storage available.

Range? That’s still a hot-button topic, but the top-tier Model S Performance comes with a 85-kWh battery that theoretically provides as much as 265 miles on a single charge. Of course, your distance will vary based on temperature, terrain, and your own temperament – but compared to the EPA-rated range of, say, a Ford Focus Electric, it’s fairly sizable. Depending on your journey, we’d still recommend ensuring your planned drive regularly passes charging stations, and that you do budget time for a recharge or two along the way.

Mercedes Benz S350 Bluetec front three quarters view 300x199 imageI want to…travel as far as possible in the lap of luxury.

Mercedes-Benz S350 Bluetec 4Matic

Base price: $93.905

EPA rating: 21/31 mpg

Diesel-powered Mercedes-Benz sedans have long been sold in North America, but until the launch of the S350 Bluetec in 2012, Mercedes always shied away from selling a diesel-powered flagship here. We’re just glad the S350 finally made the trek from Germany, as it blends first-world luxuries with first-rate fuel economy.  Despite tipping the scales at 4784 pounds and being paired with an all-wheel-drive system, its 3.0-liter, turbo-diesel V-6 and seven-speed automatic help the S350 attain an EPA rating of 21 mpg in the city and 31 on the highway. With a full 23.8- gallon tank of diesel, the S350 can cruise over 730 miles without refueling.

That cruise will be quite comfortable, given the S Class is arguably one of the most refined, comfortable, and luxurious sedans this side of a Rolls-Royce. Benz’s premium leather interior boasts attractive hand-stitched accents on virtually every surface, including the dash and door panels. Rear seat occupants are already gifted with 42.3 inches of legroom, but an optional package allows those in the outboard seats to heat, cool, and recline their seats. Add power sunshades, a DVD entertainment system, and a Bang & Olufsen audio system, and you’ll be cruising in unimpeached comfort.

Jeep Grand Cherokee SRT front three quarters view1 300x199 imageI want to…haul the family, cargo, and ass.

Jeep Grand Cherokee SRT

Base price: $63,990

EPA rating: 13 mpg city/ 19 highway

We wanted to throw a muscle car on this list, but last we tried, packing a family of four and their cargo into a Camaro or Mustang is essentially impossible. Or if it is possible, it doesn’t make for a very comfortable (or tolerable) four-hour drive. But what if there were a way to blend the power of a muscle car with the packaging of a family vehicle? Enter Jeep’s SRT-tuned Grand Cherokee. Seating for five? 35.1 cubic feet of cargo space with the rear seats up? 470 hp on tap? 0-60 mph in about five seconds? Check, check, check, and check.

Unlike the first generation model, today’s Grand Cherokee SRT is a comfortable chimera that walks the line between performance and civility with few qualms. Adaptive Bilstein dampers at all four corners provide a surprisingly compliant ride quality for long hauls, but stiffen up to snuff out body roll on twisty back roads. The 6.1-liter V-8 slams passengers into seatbacks like a Mercury Redstone rocket, but idles four cylinders under light loads to reduce fuel consumption. Better yet, this latest iteration of SRT Grand Cherokee can tow up to 7200 pounds – perfect for dragging a speedboat behind your speed wagon.

Audi S5 Cabriolet front three quarters view static 300x199 imageI want to…soak up the sun.

Audi S5 Cabriolet

Base Price $60,195

EPA Rating 17 mpg city/ 26 highway


Nothing says summer like soaking up UV rays while behind the wheel of a convertible. Several drop-top models are on sale in the United States, but the Audi S5 is one of the most well-rounded choices available. There’s room for four, with rear seats that are larger than the glorified parcel shelves found in many convertibles. There’s adequate trunk space – 12.2 cubic feet, with the top up, or 10.2 with the top down. There’s the sophisticated interior (note the rear-seat reading lamps integrated into the convertible top) and handsome exterior styling. And, for those who might want to plan a road trip to a ski resort come winter, the S5 is one of the few convertibles offered with all-wheel-drive.

Better yet, the S5 is a blast to drive. Audi’s supercharged 3.0-liter V-6 serves up 333 hp and 325 lb-ft of torque, and emits a delectable growl at wide open throttle. Although S5 coupes are offered with a six-speed manual transmission, S5 cabriolets feature Audi’s seven-speed dual-clutch automatic as standard equipment.  No matter – it’s still happy to snap off lightning-quick gearchanges in either sport or manual mode. Do make sure to opt for the so-called “sports differential,” which replaces the standard rear diff with a torque-vectoring unit that helps the car rotate into corners.

Jeep Wrangler Unlimited front view in woods 300x199 imageI want to…stray from the beaten path.

Jeep Wrangler Unlimited

Base Price: $26,790

EPA rating: 16 mpg city/ 20-21 mpg highway

Road trips are great, but what if your destination isn’t exactly on a road? For those who want to journey far outside the beaten path, we can’t think of a better choice than Jeep’s eternal Wrangler. By modern SUV and crossover standards, the Wrangler may seem like a bit of a crude anachronism, but in truth, it’s better than ever. A new instrument panel design is more attractive than ever, but the 3.6-liter Pentastar V-6 tucked underhood finally delivers adequate power – something the JK Wrangler previously lacked.

Although it is possible to squeeze four into a two-door Wrangler, don’t count on bringing all their belongings along for the ride. For that reason – and to give rear-seat passengers legroom for long hauls – we’d go with the four-door Wrangler Unlimited, which still offers the same off-road prowess and open-air sensations but with additional versatility. That said, you’d better act quickly if you’re in the market for one – demand for four-door Wranglers is nearly double that of the two-door model, and dealer inventory is presently at 68 days supply.

Nissan NV Roadtrek NAV 6 front three quarters view 300x199 imageI want to…stay overnight, but not in a hotel.

Nissan NV Roadtrek N6 Active

Base price: $65,260

EPA rating: not rated by EPA

Remember the days when minivans could easily double as mobile camp sites? Decades ago, such vehicles ran rampant across this country, but ever since the Volkswagen Eurovan died in 2003 the good old pop-top camper was virtually extinct. Thanks to Roadtrek, an Ontario-based motorhome manufacturer, that’s no longer the case. The new N6 Active – which is also sold as the NAV-6 – converts a Nissan NV passenger van into a multipurpose camper.

In its van configuration, the N6 Active/ NAV-6 seats six. That’s roughly half that of a standard NV passenger wagon, but understandable when you see Roadtrek packs in everything including the kitchen sink. Cabinetry installed next to the two-passenger third-row bench houses a refrigerator, sink, microwave, and cupboards. Second-row captains chairs swivel to face the rear seat and a pop-up table. The optional pop-top roof increases headroom and provides an extra two berths for sleeping, yet still allows the NV to fit in most garages.

 

Mazda MX 5 Miata side view on road 300x199 imageI want to…take a road trip only using back roads.

Mazda MX-5 Miata

Base Price: $24,515

EPA Rating: 21-22 mpg city/ 28 mpg highway

Another convertible on this list? Yep. The Miata’s top – either made of fabric or metal — does fold and stow for top-down fun, but that’s not why we chose it for this group of cars. We revel in road trips that trade the hustle, bustle, and malaise of the interstate system in favor of winding, scenic, two-lane, back county roads. And for that, there’s virtually no way to best the MX-5. We should know – we adopted a MX-5 for a summer two years ago, and frequently sought the curvaceous road less taken instead of the quickest route between points A and B.

Yes, we know the Miata’s cabin is a bit tight, and that packing for a long trip may require you to invest in those vacuum space-saving bags seen on late-night infomercials. Still, if you’re looking to plan a long trip full of entertaining roads – i.e. PCH, Tail of the Dragon, OH-555, etc. – there’s not a better choice. As road test editor Chris Nelson wrote back in 2011, “you can find a lot of little things to complain about, but if you do, you’re missing the point. The Miata is, has been, and always will be a purpose-built automobile. That purpose is to be one of the purest, most enjoyable sports cars on the market. Give it a smooth road, good company, and great scenery, and the Miata takes care of the rest.”












By Evan McCausland

Tesla Reports First Quarterly Profit

Tesla Reports First-Ever Quarterly Profit

Tesla has reported its first-ever quarterly profit as Model S production hits full swing.

The company said it made about $11 million dollars in the first quarter of 2013. A huge chunk of that came from a bit of accounting magic: Tesla was able to eliminate from its balance sheet some $10.7 million in liabilities relating to its Department of Energy loans. It also benefited from the state of California’s cap-and-trade system, selling some $68 million in zero-emission-vehicle credits to other automakers.

Still, the profit marks a milestone for the start-up company given the enormous costs involved in introducing its first independently developed product. Even when Automobile Magazine named the Model S Automobile of the Year, we cautioned that we weren’t certain Tesla would survive to produce it in significant volumes. Tesla says it built more than 5000 copies of the Model S in the first quarter of 2013, putting it on target for its annual production goal of 20,000 vehicles.

Tesla says demand for the Model S has kept pace with the supply, thanks in part to its new financing deal. Later this year, it will start selling the car outside North America. CEO Elon Musk predicts Tesla can sell 10,000 vehicles per year in Europe and 5000 per year in Asia.

Tesla’s next challenge will be reducing how much it spends building the Model S. Its profit margin on the car is presently a slim five percent. Musk says production costs will continue to fall as Tesla gets better deals from suppliers—a result of higher-volume production—and improves the car’s design.

Tesla’s stock has risen to nearly thirteen percent, to nearly $70 per share, in afterhours trading.

By David Zenlea

Report: Electric-Car Manufacturer Tesla Finally In The Black – Rumor Central

Report: Electric-Car Manufacturer Tesla Finally In The Black

Tesla Motors, the electric-car manufacturer launched by billionaire entrepreneur Elon Musk, may finally be on the way to turning a profit. In a message posted to Twitter on Monday, company CEO Musk said that, “Tesla was narrowly cash flow positive last week. Continued improvement expected through year end.”

If true, the message is good news for Tesla, which has heretofore struggled to turn a profit despite receiving millions of dollars in private funding, as well as a $465 million loan from the Department of Energy. For the third quarter of 2012, Tesla reported a net loss of $111 million. However, the company predicts a positive operating margin of about 12 percent by the end of 2012.

Tesla sold 2400 copies of its first car, the Lotus Elise-based Roadster, and is now ramping up production of the Model S luxury sedan. We named the Tesla Model S our 2013 Automobile Of The Year, and our colleagues at Motor Trend concurred by naming named it Car Of The Year.

Sales of the car, however, have been anything but brisk. More than 13,200 people have placed reservations for the Model S so far, but as of November 5 the company had only built 350 cars and delivered just 250 to paying customers. That didn’t stop the automaker from raising prices of the Model S by $2500, effective January 1, although Tesla defended the price bump as equaling only half the national inflation rate.

If Tesla really is on track to profitability, that bodes well for the company achieving its fourth-quarter goals. Before the end of 2012, Tesla hopes to open ten more retail outlets (for a total of 24 domestically and 34 globally) and deliver another 2500-3000 vehicles. Then in 2013, Tesla says it will continue to ramp up production and deliver 20,000 cars. We’ll see whether Tesla’s financials can stay in the black long enough for the company to hit those benchmarks.

Sources: Twitter, Tesla



By Jake Holmes

Watch A Citroen DS Battle A Tesla Model S – Rumor Central

Watch A Citroen DS Battle A Tesla Model S

The Citroen DS-19 and the 2013 Tesla Model S duke it out in the latest Head 2 Head episode. The pairing seems odd at first, but host Jonny Lieberman argues that the Model S and the DS are packed with innovation, making both contenders worthy of a comparison.

Lieberman argues that the Citroen might be the most innovative car in the 20th century for many reasons. For starters, the car’s futuristic body is constructed of fiberglass and aluminum, and its oleo-pneumatic, auto-leveling suspension was unlike anything the public had seen back in the 1950s. And the list of innovations continues: its Citromatic transmission (which Lieberman explains in the video), high-mounted brake lights, and lightweight chassis construction.

Next is the Model S, which was the recipient of our 2013 Car of the Year award. Most of you are probably well versed when it comes to this innovative Tesla, which provides drivers with road-trip-worthy range and supercar-like acceleration, all while producing zero emissions. Both cars are impressive indeed, but only one is declared a winner in this Head 2 Head. Watch the video, and let us know which car you’d rather own in the comments below.





By Erick Ayapana