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Tesla to Boost Production 55 Percent

Electric car maker Tesla Motors plans to raise car production 55 percent this year to 35,000 vehicles in an attempt to meet growing demand behind better-than-expected net earnings. Carmen Roberts reports.

 

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xingxingcamille

HOMEWORK

Electric car maker Tesla zooms past earnings estimates and says it plans to ramp up production to 35,000 cars in 2014. That¡¯s a whopping 55% increase over last year. And that sent shares skyrocketing to record levels in extended trading. Tesla, led by billionaire entrepreneur Elon Musk, said it will start selling its SUV Model X by year¡¯s end with deliveries beginning in the spring. And it will start delivering the Model S to China next spring. Jessica Caldwell with Edmunds.com says going globe is an encouraging step.

¡°I think there is just a lot of worldwide excitement about this car. You know, it started selling in China. I think a lot of people are very curious and very interested in this technology there and in other parts of the world.¡±

Investors, banking on Tesla¡¯s international expansion, like the projection that sales in Europe and Asia will be almost double the sales of North America before year¡¯s end. But the car maker left everyone hanging about its plans for a ¡°giga¡± factory for batteries. Tesla simply said it will share more information ¡°shortly¡±.

Having its own factory to produce lithium-ion batteries is a vital component to ramping up production and innovation as well as cutting costs.

¡°When they start to produce a mainstream car, the Model E -- they are going to need a lot of batteries. I mean that¡¯s gonna put them as, you know, put them into the full-fledged automotive company category.¡±

That mainstream car may cost about $30,000. No word yet when Tesla will start production. Still, there¡¯s much to like in the fourth quarter results. It reported earnings of 33 cents per share, excluding one-time items on revenue of $46 million.

Ben Kallo, an analyst with Robert W. Baird & Co., told Reuters he was impressed that Tesla hit the gross margin target of 25%, and word that production will increase from 800 to 1,000 cars a week shows there¡¯s demand for the electric car -- even at the lofty price of $72,000 to $121,000. Once Tesla gets its affordable Gen ¢ó Model E on the road, Kallo says it¡¯s possible that 80,000 electric cars a year could be rolling off the line by 2017.

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Electric car maker Tesla zooms past earning estimates and says it plans to ramp up production to 35,000 cars in 2014. That's a whopping 55% increase over last year and that cent share skyrocketing to record levels in extended trading. Tesla led by billionaire entrepreneur E says it will start selling this SUV Model X by year's end with deliveries beginning in the spring. And it will start delivering the Model S to China next spring. Jessica with Admon.com says going global is an encouraging step.
I think there is just a lot of worldwide excitement about this car. You know, it starts filling in China, I think a lot of people are very curious and interested in this technology there and other parts of the world.
Investors banking on Tesla's international expansion like the projection that sales in Europe and Asia will be almost double the sales of North America before year's end. But the car maker makes everyone hanging about this plan for a giger factory for batteries. Tesla simply says it would share more information shortly. Having his own factory to produce lithium ion batteries is a vital component to ramping up production and innovation as well as cutting costs.
They start to produce a mainstream car, the Model E, they are going to need a lot of batteries. I mean that's gonna put them as,you know, put them into the full-fledged automotive company category.
That mainstream may cost about 30,000 dollars. No word yet when Tesla will start production. Still there is much to like in the fourth quarter results. It reported earnings of 33% shares, excluding one-time items on revenue of 46 million dollars.
Ben, an analyst with Robert W beared company told R, he was impressed that Tesla hit the gross margin market of 25%. And word that production will increase from 800 to 1000 cars a week shows there is demand for the electric car even at the lofty price of 72,000 to 121,000 dollars. Once Tesla gets its affordable Model E on the road, H says it's possible that 80,000 electric cars a year can be rolling off the line by 2017.

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chenyasha

1# johnsonchen688

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1# johnsonchen688

zhangxs05

On 2#
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Electric car maker Tesla zooms past earnings estimates and says it plans to ramp up production to 35,000 cars in 2014. That¡¯s a whopping 55% increase over last year. And that sent shares skyrocketing to record levels in extended trading. Tesla, led by billionaire entrepreneur Elon Musk, said it will start selling its SUV Model X by year¡¯s end with deliveries beginning in the spring. And it will start delivering the Model S to China next spring. Jessica Caldwell with Edmunds.com says going global is an encouraging step.

¡°I think there is just a lot of worldwide excitement about this car. You know, it started selling in China. I think a lot of people are very curious and very interested in this technology there and  other parts of the world.¡±

Investors banking on Tesla¡¯s international expansion, like the projection that sales in Europe and Asia will be almost double the sales of North America before year¡¯s end. But the car maker left everyone hanging about its plans for a ¡°giga¡± factory for batteries. Tesla simply said it will share more information ¡°shortly¡±.

Having its own factory to produce lithium-ion batteries is a vital component to ramping up production and innovation as well as cutting costs.

¡°When they start to produce a mainstream car, the Model E -- they are gonna need a lot of batteries. I mean that¡¯s gonna put them as, you know, put them into the full-fledged automotive company category.¡±

That mainstream car may cost about $30,000. No word yet when Tesla will start production. Still, there¡¯s much to like in the fourth quarter results. It reported earnings of 33 cents per share, excluding one-time items on revenue of $46 million.

Ben Kallo, an analyst with Robert W. Baird & Co., told Reuters he was impressed that Tesla hit the gross margin target of 25%, and word that production will increase from 800 to 1,000 cars a week shows there¡¯s demand for the electric car -- even at the lofty price of $72,000 to $121,000. Once Tesla gets its affordable Gen ¢ó Model E on the road, Kallo says it¡¯s possible that 80,000 electric cars a year could be rolling off the line by 2017.

ocean0756

Electic car maker Tesla Zon past earning zestmens says it wants to ran production to 35,000 cars in 2014. That's a hopining 55% increase in last year. Thatson share a sky rocketing to a record levels in its standard trading. Tellswhat led by bilionairer onto prenuer Ilanmask said it was start selling SUV model X by years in the deliberate was beginning in sprine, and they were start deliberating the model X just to China next spring.

Jessica called well with admins' dot comes as going glabal as an encouraging step.

"I think it's just what a word while excitement about this car, you know, it's sorta of a feeling in China and I think a lot of people are interested in this techology there and other parts in the world."

Investors backi on Teslas internationally expansion like the projection the sales in Europe and Asia will be almost double for sales in north of America before a years and about the car maker had left everyone to hang in about the plans a gager for batteries. Testla Serpre said, we will share its information shortly. Having its own factory to produce Lethyian Ion batteries, is a light componet to rampin up a production and in an vision as well as cutting costs.

"We'll start to product a maninstream car as model E, they are gonna use a lot of batteries I mean, that's gonna put them as, you know, put them into fore flage automative company category."

That mainstream car may cost 30,000 dollars no word yet when Testla haul start its production until there is much to like a fourth quota results, it recorded earnings at 33 sense for share excluding one time idens gravernew  a 46 million dollars. Ben Karlor and anlynist with Rober W Belder in company told Royters he was impressed Testla hit the gross marging target in 25%, and work that production will increase from 100 to 821,000 cars a week. Shows there is the man for the electric car even at the lofty price up to 70,000 to 121,000 dollars. Once Testla get its affortable GM3 free mode E on the road, Harold said it's possible that 80,000 electric cars a year could be rolling off the line by 2017.

br725

Homework
Electric car maker Tesla zooms past earnings estimates and says it plan to ramping up prodution to 35000 cars in 2014. That's a whopping 55% increase over last year. And that sent shares skyrocketing to record level in extended trading. Tesla led by billionaire entrepreneur Elon Mask said it will start selling
its SUV model X by year'end and delivery is beginning this spring and it will begin delivering the Model S to China next spring. Jessica Caldwell with Edmunds.com syas going globe is an encouraging step.

I think there is just a lot of worldwide excitement about this car. You know it just start selling in China, I think there is a lot of people are very curious and  interested in this technology there and in other parts of the world.

Invertors, banking on Tesla intelnational expansion, like the projection that sales in Euro and Asia will be almost double the sales of North America before year'end. But the car maker left everyone hanging about its plans for a giga factory for batteriers, Tesla simply says it will share more information shortly.

Having its own factory to produce lithium-ion battery is vital component to ramping up production and innovation as well as cutting cost.

When they start to produce a mainstream car the Model E, there are gonna need a lot of batteries I mean that gonna put them as, you know put them into full-fledged automotive company category.

That mainstream car may cost about $35000, no word yet when Tesla will start production. Still, there is much to like in the fourth quarter result, it was reported earnings that 33% per share excluding one time item revenue 46 million dollars.

Ben Kallo, an analyst with Robert W. Baird & Co., told Reuters, he was impress by Tesla hit the gross margin target 25% and word production increase from 800 to 1000 car a week shows there's demand for the electric car, even at lofty price of 72000 to 121,000 dollars. Once Tesla got the affordable GM3 Model E on the road, Kallo says it's possible 8000 electric car a year could be roll off the line by 2017.