Tesla reports $110M loss, ramps up Model S production

Tesla reported a $110.8 million loss in the third quarter. Despite losses, the electric carmaker plans to ramp up production of its Model S sedan to 400 cars per week by next month.

Tesla Motors Inc reported a bigger third-quarter loss on Monday as it ramped up production of its Model S sedan, and the electric carmaker maintained its 2012 revenue outlook.

Continue reading Tesla reports $110M loss, ramps up Model S production

Tesla Roadster Buyback Program Launched

Owners of the Tesla Roadster who may now be eyeing the American automaker’s more practical Model S can trade in their convertible sports car for a new sedan. The Palo Alto Company will take back old Roadsters and give the owners credit on their new sedans. The Roadsters will then be resold at Tesla’s own stores. This will give others the opportunity to own the electric convertible. Only 2,500 Roadsters were made since it first hit the market in 2008 and used ones will be much cheaper than the original $109,000 price. “Someone who couldn’t reach all the way to a Roadster before, now may be able to get one at a lower price,” said Tom vonReichbauer, Tesla’s director of finance. “We’re able to set what I think are pretty competitive prices for these cars.”

Continue reading Tesla Roadster Buyback Program Launched

Tesla Model S Offers a Lesson in Electric-Vehicle Economics

A handful of fully electric Tesla Model S Signature Performance sedans were presented to their owners at the company’s factory on June 22, each priced around $100,000. The luxury sedans were fitted with the most powerful battery pack available from the start-up automaker, rated at 85 kilowatt-hours, roughly the equivalent of 362 horsepower.

Continue reading Tesla Model S Offers a Lesson in Electric-Vehicle Economics