Tesla's Q2 profit: steady as she goes

Devin Coldewey is a Seattle-based writer and photographer. He wrote for the TechCrunch network since 2007. Some posts, it would like you to read: the perils of externalization of knowledge | Generation I | Surveillant society | Select two | Frame war | User manifesto | Our great sin his personal site — coldewey. cc. ? Read More

Tesla released their statement by the shareholder at the second quarter of 2011, and although he does not make for the most exciting read, it was at least pretty good news. They've been on cruise control for quite some time now, if you will, design and test their model s sedan, but there are many mistakes that could have affected the process, techniques and technology that could not succeed and cost overruns that could is piled up. No, but things go as expected and the prohibition of any major upsets, they must have the model S, rolling in the middle of 2012 as planned.

Here are a few Q2 points considered a letter:

Total revenue for Q2: $ 58 million ($ 27 m Roadster, $ 19 m from Toyota RAV4 EV development, $ 11 million from the sale of transmission) projected income 2011: $ 180-190 m (against several previous estimates) operating expenses for Q2: operating expenses $ 77mProjected 2011: $ 220-245 million (compared with<$200m in="" previous="" estimates)cash="" on="" hand:="" $331mremaining="" in="" dept="" of="" energy="" loan:="" $331mfinal="" roadsters="" should="" be="" built="" by="" january="" (total="" of="" 2500="" vehicles)rav4="" ev="" development="" should="" be="" finished="" in="" early="" 2012,="" vehicle="" shipping="" that="" year="" (more="" from="" toyota="" soon)model="" s="" should="" be="" shipping="" in="" “mid-2012,”="" model="" x="" crossover="" in="" late="" 2013="" at="" the="" earliestover="" 5600="" model="" s="" reservations="" with="" accelerating="" growthmodel="" s="" currently="" in="" “beta”="" form="" with="" prototype="" tooling="" and="" processes,="" should="" enter="" “release="" candidate”="" form="" in="" q1="" 2012150="" hires="" this="" quarter,="" total="" team="" ~1400="">

And that's that. Full letter to the cost and sales disruptions can be read here (PDF) and more detailed information, including reference to a Conference of investors and Q&A can be found on the investor relations page.

In principle, we are not going to hear a lot of news until production of the model s begins hitting the car mags (we'll try to get too), model x gets leaked or previewed and RAV4 gets price and date — all of which will occur in 2012, most likely. This means that slightly more quiet neighbourhoods. With so many pre-orders for the model S, they sure have a lot of income, as soon as they start charging their customers — with hundreds of millions of dollars locked down for the next few years, they feel confident and I'm guessing their investors, as well.

Tesla Motors, Elon Musk, Marc Tarpenning and Martin Eberhard, is a company that produces high performance electric sports car and relies on a number of ...

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