Can Tesla Motors Inc (TSLA) Reach its 100K Cars Goal by 2015?

Investor sentiment in Tesla Motors Inc (NASDAQ:TSLA) is strong, not only for the kind of growth that the company has had in the past few years, but also for the way it’s planning to revolutionize the auto industry. After its second quarter earnings report and the announcement that it has started exporting Model S in China, the next thing that Tesla Motors Inc (NASDAQ:TSLA)’s investors are looking for is if the company can match up its guidance of delivering 35,000 cars in 2014 and 100,000 cars per year by 2015.

Tesla Motors Inc (NASDAQ:TSLA)

Bloomberg’s Julie Hyman and Alix Steel discussed the company’s delivery predictions and its planned ‘Gigafactory’ to speed up production.

“The question is can they get there? Can they even get to the 35,000 this year? The company came in with deliveries of almost 7,600 for this quarter that just passed and is also predicting for this coming quarter 7,800, but that would still mean you’ll need acceleration to 13,000. A lot of people buying cars for the holidays in the final quarter of the year, so, you are definitely looking at a substantial acceleration […],” Hyman said.

Hyman also broke of the second quarter earnings numbers from Tesla Motors Inc (NASDAQ:TSLA), revealing that if adjustments are made for certain items that resulted in a net loss for the company, Tesla Motors Inc (NASDAQ:TSLA) had an EPS of $0.11 per share versus $0.04 that analysts expected. Alix Steel also mentioned Tesla Motors Inc (NASDAQ:TSLA)’s ‘Gigafactory,’ saying that Elon Musk wants to produce 500,000 vehicles per year by 2021 with the help of this new battery production plant.

“If you look behind, it really needs to happen is it needs to lower the price of the batteries. His goal is to reach 200 Kilowatt per hour. What does that mean, it basically is the energy that you can store in the battery. The cheaper it is, the more energy you can store, the bigger the battery can be while the cost does not go up […],” Steel added.

Disclosure: None

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!