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Why Tesla will need more loans to make it through 2013

It's fun to bet against Elon Musk and Tesla - that's the best reason we can find for so many people doing it even though the man, his company and his cars are still here and still very popular. The latest name inscribed in the column labeled "Skeptical of Tesla" is John Shinal at Market Watch who, in year-end commentary on Tesla's financials, says that the "carmaker's financials are reminiscent of a dot-com's." He does not mean that in the good way.
To be fair, Shinal isn't exactly betting against Tesla, he's saying that if you check the bottom lines, the only thing keeping Tesla alive is the hundreds of millions in Federal Department of Energy loans it has received. Based on its filings, he says the company has less than six months of cash on hand, hasn't produced as many cars as it promised and had to lower its revenue forecast for 2012, has had a "year of net losses and negative operating cash flow," and was underwater by at least $37 million at the end of the third quarter.
But Shinal's not done there, summarizing Tesla as an operation with "a poor habit of failing to deliver to customers the cars it has promised them, while simultaneously raising the prices of those yet-undelivered cars," and "a lousy level of customer service." He says there are more damning things to be found in Tesla's SEC registration settlement from September, but we'll have to wait for his next column to find out what those are. The takeaway, in Shinal's opinion, is that even though Tesla will keep getting money from the government, that investors have no business dealing in Tesla stock.

If Tesla Model 3 is successful, Sergio Marchionne will copy it

Fiat Chrysler CEO Sergio Marchionne hasn't hidden his disdain for electric vehicles, but he would copy the Tesla Model 3 if it is successful, according to Automotive News Europe. If Elon Musk "can show me that the car will be profitable at that price, I will copy the formula, add the Italian design flair and get it to the market within 12 months," Marchionne told Automotive News Europe during FCA's annual meeting in Amsterdam. In terms of pre-orders, the Model 3 is a success. Musk tweeted on April 7 that the company had over 325,000 reservations for the sedan, which he estimated were worth around $14 billion. The car will start at $35,000 before incentives. Marchionne, however, isn't optimistic Tesla can actually make the electric sedan work financially. "I'm am not surprised by the high number of reservations but you have then to build and deliver them and also be profitable," he told ANE. The FCA boss is a noted skeptic of EVs. In 2012, he said that the company only built the 500e because of California's zero-emissions vehicle mandate and to give engineers experience with the technology. He doubled-down in 2014 when he claimed FCA lost $14,000 on each 500e and said he would rather people didn't buy them. More recently, he infamously said "you'd have to shoot me first," before he'd allow a fully electric Ferrari. Related Video:

Tesla Supercharger Network Now Covers Majority Of Americans

Tesla Motors CEO Elon Musk announced via twitter Sunday that Tesla has officially expanded its Supercharger network across the county. The Supercharger network contains 71 stations, according to Autoblog, and Musk estimates that 80 percent of Americans are within 200 miles of at least one of them. Notably, that includes Texans who are barred from buying Tesla products in their home state. The Supercharger can charge a Model S EV to half its full power in 20 minutes, providing enough charge to get to the next filling station. All for free. The Supercharger is considered such a leap forward in green technology that it was voted 2013 Technology of the Year by AOL Autos. Critics of electric vehicles often cite a lack of recharging infrastructure as one of the major hurdles companies face when bringing the cars to the market. Tesla is tackling this problem head-on, and wants to continue expanding the network to 100-percent coverage, according to Clean Technia. With the release of the more affordable Tesla Model E on the horizon, the Northern California-based company is surely hoping that the expansion of the Supercharger network will put "range anxiety" to bed once and for all. Related Gallery Electric Cars And Hybrids Don't Have To Be Frumpy Green Tesla Alternative Fuels Fuel Efficiency Green Driving Electric supercharger network