PALO ALTO, Calif., January 29, 2015 – Tesla announces that it will post its financial results for the fourth quarter and full year ended December 31, 2014, after market close on Wednesday, February 11, 2015. At that time, Tesla will issue a brief advisory release containing a link to the Q4 and Full Year 2014 Shareholder Letter, available on the company website. Tesla management will hold a live question & answer webcast at 2:30pm Pacific Time (5:30pm Eastern Time) to discuss the Company’s financial and business results and outlook.
As the Model S family has expanded over time it has become more relevant to compare range from one variant to another with a consistent set of assumptions so our customers can know what to expect and make the best decision to fit their needs. This can be a bit difficult since the background test methodology and standards from the US EPA are evolving over time. There are also many customer vehicle configuration choices, both before and after purchase, that can affect range as much as or more than the vehicle platform choice itself.
Battery technology has continued a steady improvement in recent years, as has our experience in optimizing total vehicle efficiency through Model S development. We have long been excited to apply our learning back to our first vehicle, and are thrilled to do just that with the prototype Roadster 3.0 package. It consists of three main improvement areas.
At an event in Los Angeles last year, we showcased battery swap technology to demonstrate that it's possible to replace a Model S battery in less time than it takes to fill a gas tank. This technology allows Model S owners in need of a battery charge the choice of either fast or free. The free long distance travel option is already well covered by our growing Supercharger network, which is now at 312 stations with more than 1,748 Superchargers worldwide. They allow Model S drivers to charge at 400 miles per hour. Now we're starting exploratory work on the fast option.
Lita Elbertson had never seen a lake before she decided join her friend Michael Fritts on an epic cross-country tour of the United States. In fact, the Hawaii resident hadn’t even seen a duck. Or a Model S.
There are probably more straightforward ways to make contact with a duck, but few are more fun than driving a premium electric sedan to every state in the United States. That’s what Elbertson and Fritts, a Model S owner from Upstate New York, set out to do late this summer.
There have been several articles recently implying that Tesla, through clever machinations, maneuvered Nevada into providing an overly large incentive package for the Gigafactory. I love backhanded compliments as much as the next person, but this is untrue.
Tesla’s pace of vehicle production has always been intense, but it has long been obvious that we would have to scale up quickly. Last year, we produced more than 22,000 cars; this year we’re on track to build about 35,000. By the end of 2015, we will have increased production by another 50 percent. With Model X on the horizon, Dual Motor Model S now in production, and increasing global demand, we recently decided to temporarily pause production in order to increase capacity at the Tesla Factory in Fremont, California.
Tesla is pleased to announce that US Bank, which has a much lower cost of capital than us, is now offering very compelling leasing for Tesla buyers in the United States. This will lower monthly lease payments by as much as 25% on a new Model S. Detailed info here.
PALO ALTO, Calif., October 20, 2014 - Tesla announces that it will post its financial results for the third quarter ended September 30, 2014, after market close on Wednesday, November 5, 2014. At that time, Tesla will issue a brief advisory release containing a link to the Q3 2014 Shareholder Letter, available on the company website. Tesla management will hold a live question & answer webcast at 2:30pm Pacific Time (5:30pm Eastern Time) to discuss the Company's financial and business results and outlook.