2016 Tesla Model S 70d on 2040-cars

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Tesla loses $50 million in Q1, Model X could be delayed until 2015

Maybe it's just because of our interest in the green automotive sector, but to us, Tesla Motors has got to be the most interesting and exciting company in the US to watch. We get giddy, for instance, over the release of stuff like shareholder letters and financial results, whereas when other companies announce these things, we yawn. Our feelings about today's publication of the California automaker's 2014 first quarter financial results, with accompanying letter and call with financial analysts, is no different. They contained, after all, tons of small news nuggets that help us put together a better picture of how it will move towards its overarching goal of changing the gasoline-powered paradigm. The important numbers released today are $50 million and 7,535. The first is how much the company lost (on a GAAP basis) – using the non-GAAP method that Tesla prefers, it actually saw $17 million in net income – while the second is the number of cars it produced in the first three months of this fiscal year. Though the reported earnings per share of $0.12 exceeded the expectations of many analysts, it was less than some of the more rosier forecasts, and so the stock (TSLA) is taking a beating in the after hours market and has tumbled down 14.5 percent to $186.85 as of this writing. Musk gave instructions to the China team that they "spend money as fast as they can without wasting it." Stock price aside, there is a lot to be happy about. Contrary to some recent reports, Tesla is continuing to see a rise in domestic demand – up 10 percent in the quarter – along with "significant sequential increase in worldwide net orders for Model S." China, the market that could easily become the company's biggest, is also the source of glad tidings with CEO Elon Musk saying he is "blown away" by the level of enthusiasm there. Since getting government approvals, the necessary building out of the Supercharger and Service Center infrastructure needed to support owners is going full speed ahead and Musk gave instructions to the China team that they "spend money as fast as they can without wasting it." Already there is a four-to-five month wait for cars in the country's mid-sized cities, where the work needs to happen, and that has led to some customer frustration.

Autoblog editors come clean about their controversial automotive beliefs

We all have controversial opinions. Be it whether you think the Nissan Juke is actually pretty attractive, manual transmissions aren't always better, or you honestly didn't hate the Pontiac Aztek, we all harbor some persuasion, be it big or small, for which we catch copious flak upon expression.
In recognizing that all of us here at Autoblog harbor at least one viewpoint that stubbornly goes against the grain of popular opinion among auto enthusiasts, we've decided to come clean with them right here, proudly speaking our minds in a mature, structured manner - a striking contrast to how these things tend to come up while debated in the office.
We'd also like to invite you to share your unpopular and controversial opinions with us and the Autoblog faithful down in Comments. Don't be ashamed - this is a safe place.

Woz pranks the Internet with 'his' Tesla Model X

This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. People pay attention to Steve Wozniak. People pay attention to Tesla Motors. Put the two together, with the bonus of a not-yet-available Model X, and you've got the makings of Twitter gold. This was proven yesterday, when Woz Tweeted a picture of himself with what he said was "our new Tesla!" Excited admirers offered their congratulations and wanted to see the cool Falcon doors in action. But it was all a dream too sweet. The Model X, after all, isn't due until the end of the year and even an Apple co-founder can't bend time that much. Tech editor at The Street Chris Ciaccia popped the bubble with this Tweeted explanation: "Despite @stevewoz tweeting a pic of him w/the Model X, not his new car. Just a photo op with the display model at that charging station." So, really, "Woz's" Model X could belong to anyone who wants to go to wherever the display model is located and snap a picture. We would not be surprised, though, if Woz is one of the 12,000 (guesstimated) pre-orders for the Model X. The all-wheel drive, all-electric CUV can hit 60 miles per hour in under five seconds thanks to a powertrain similar to the one in the Model S. Like the popular S, the X will come with either a 60- or 85-kWh battery. You can see the Falcon doors move up and down, digitally, here.