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No body wants electric cars? Tell Tesla that...
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by The_Cynic | August 7, 2009 at 03:50 pm
108 views | 14 Recommendations | 3 comments
Albeit that it is the sports car that is making a profit for the Electric car makers that profit is being used to invest in the sedan S model.
On August 7th, Silicon Valley-based Tesla Motors announced that they have achieved profitability, something CEO Elon Musk had previously predicted would happen.In the month of July they had $1 million of earnings on revenue of $20 million.
Tesla has said that it needed a loan to get off the ground - one of the problems in getting that loan was that they had to prove that the viability of the company must be proven - and we can say that this has happened and that low cost loan has now been granted.
I can see this company growing even faster once the S Sedan gets to market because one of the aspects of Tesla cars is that they are going to market the car itself.
An opportunity now has opened for other companies to compete. And that has to be a good thing. Will that opportunity be taken up by the larger manufacturers? That we will have to wait and see, but there is sparks arising from Nissan, Toyota and Honda.
Again, if the American car makers miss this one - it really could be their death knell.
In supply and demand, you make what is demanded and the demand for electric cars is, in fact, growing apace.
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Most RecentMost Recommended Comments (3)
at 19:53 on August 7th, 2009
North America does like its big Cars and maybe you are correct the Sedan is needed to sale the Tesla electric car.
In Asia and Europe the Small car won already 30 years ago and the sedan is out.
Replaced by the train and those are rather good and better then Cars.
at 20:38 on August 7th, 2009
Electric cars in North America may be the future but wide spread use is many years away.
at 21:22 on August 7th, 2009
That's what I thought until I first read about the Tesla Roadster. Whether we like it or not - Americans DO like big cars.Now if you can power a Roadster to do almost 200 mph, what power can you get down on the sedan that they are bringing out.
Taking that into account if your next door neighbour is paying zero for gas and a little more on his electricity but still 90% less than your gas bill - people will start to look at that rather than the environmental question.
And, there is one thing that does motivate Americans, and that is money. I feel the demand for cars like Tesla and others will outstrip supply very, very quickly and other companies will see how to make the cash - I give it 12 years. And that is on the outside.