2018 Tesla Model X 75d Awd Suv W/enhanced Autopilot on 2040-cars

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Tesla selling like gangbusters in China

"Will it play in Peoria?" asks the age-old question about how Broadway shows would be received in Middle America. Well, apparently Tesla Motors plays well in Beijing. It's part of Tesla chief Elon Musk's grand plan, of course. The California-based maker of the battery-electric Model S has delivered about 1,000 of the vehicles in China since shipments started there in April, Bloomberg News says, citing Dougherty & Co. analyst Andrea James, Barclays Plc analyst Brian Johnson and Wedbush Securities analyst Craig Irwin. Tesla also started shipping its first right-had drive Model S sedans to the UK in June. It is estimated that all those deliveries helped push Tesla's second-quarter global vehicle deliveries close to the 7,550 mark, which is more than the company forecast and would set a new quarterly record (Tesla's second-quarter results will be announced later today). It would also mark about a 45 percent jump from Tesla's 2Q sales a year ago. The Model S is priced at about $120,000 US in China (the culprits include the top-of-the-line battery pack as standard equipment and steep taxes that the government charges on vehicle imports) but that hasn't swayed status-conscious buyers from footing the bill, apparently. Tesla declined to comment on the China sales estimate when contacted by AutoblogGreen but we may learn more later today.

Tesla could make 800 Model S EVs a week by late 2014

Tesla continues to impress, with high demand pushing the small, California-based company well beyond its initial projections of 400 Model S EVs per week. According to Tesla CEO Elon Musk, "We're above 400 a week at the current manpower, and not trivially above it." If things continue at the current pace, Tesla's Fremont, California factory, former home of the General Motors/Toyota NUMMI facility, will be pumping out 800 cars per week by late 2014.
That number will eventually come to include the Model X SUV and a smaller, more affordable alternative to the Model S. There's even chatter of a compact SUV, according to a story from Bloomberg.
Even if Tesla produces 800 cars per week for an entire year, the company hasn't even approached the maximum capacity of its Fremont factory. The NUMMI facility was producing 500,000 units per year during its glory days. And while that number is still far off for Tesla, Musk claims it'll happen eventually. "We going to have every kind of car you could possibly imagine. If it moves, we'll make it."

Tesla's Musk Paid $70,000 Salary In 2013

Tesla Motors CEO Elon Musk was paid just under $70,000 in 2013. But he could be in line for much, much more. According to a Tesla filing with regulators Thursday, Musk made a base salary of $33,280 in 2013. That was the minimum he was required to make under California law. He got an additional $36,709 in company bonuses. Tesla says Musk, the billionaire founder of PayPal and rocket-building company SpaceEx, only accepts $1 and returns the rest to the company. Musk could someday rake in much more from the company he helped found in 2003. Under a compensation package approved in 2012, Musk was awarded options to buy nearly 5.3 million shares of Tesla stock at $31.17 each. The stock closed Thursday at $207.86, making those shares worth about $900 million. The plan is supposed to compensate Musk over a 10-year period, but only if the company meets performance goals. Musk can't exercise all the shares, for example, unless Tesla's shares reach a total value of $43.2 billion. The company's shares are currently worth $25.6 billion. Musk would also have to meet milestones for production of Tesla's planned Model X electric SUV and its Generation Three vehicle, which will cost around $35,000. Right now, Tesla only makes the Model S sedan, which starts at $70,000. Tesla said in its filing that some incremental stock value goals have been achieved, but the operational milestones, while probable, have not been reached, so none of Musk's shares have vested. Related Gallery Tesla Model S Wins Coveted 'Car Of The Year' Awards