Tesla has announced that its profits could climb by up to 50% thanks to the increased demand for its vehicles and battery packs, while reporting earnings of 116.7 million in 2010.
The automaker, who is looking to become a leader in electric mobility, reported net losses of 51.4 million during the last quarter despite total sales of 36.3 million, a 95% hike over the year before.
However, the introduction of the Model S, alliances with other manufacturers and the anticipated growth of the luxury vehicle market may see the trend reverse.
Jesse Toprak, vice president of industry trends at TrueCar.com, believes that “if Tesla can sell an estimated 10,000 units of the Model S next year, revenue can potentially exceed $500 million”.
Another factor affecting financial results is the boost in sales in the premium auto market. According to Elon Musk, Tesla’s main shareholder, deliveries of the roadster should also increase because there is currently a demand for the model as a “collector’s item”.
Finally, sales of the batteries powering Daimler’s electric smart and the development of the Toyota Rav4 EV represent other interesting sources of revenue for Tesla, who is also working on the Model X SUV.
Source: Automotive News
The automaker, who is looking to become a leader in electric mobility, reported net losses of 51.4 million during the last quarter despite total sales of 36.3 million, a 95% hike over the year before.
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| 2011 Tesla Roadster Sport 2.5 (Photo: Lesley Wimbush/Auto123.com) |
However, the introduction of the Model S, alliances with other manufacturers and the anticipated growth of the luxury vehicle market may see the trend reverse.
Jesse Toprak, vice president of industry trends at TrueCar.com, believes that “if Tesla can sell an estimated 10,000 units of the Model S next year, revenue can potentially exceed $500 million”.
Another factor affecting financial results is the boost in sales in the premium auto market. According to Elon Musk, Tesla’s main shareholder, deliveries of the roadster should also increase because there is currently a demand for the model as a “collector’s item”.
Finally, sales of the batteries powering Daimler’s electric smart and the development of the Toyota Rav4 EV represent other interesting sources of revenue for Tesla, who is also working on the Model X SUV.
Source: Automotive News