Tesla Motors Inc. (TSLA), the electric carmaker reported a loss for the third quarter that widened from last year, but was narrower than analysts’ expectations.
The automaker posted a third-quarter net loss of 55 cents per share – much better than the 59-cents-per-share loss expected by most of the analysts.
The maker of ‘S’ model posted a net loss of $65.1 million for the July-September period, up from $34.9 million a year earlier.
In an interview with Bloomberg, Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Motors Inc., revealed that the initial offering of 6,500 Tesla Model S sedans area already spoken for.
With prices on the Tesla Model S ranging from $60,000 to over $80,000 (including the pricey Signature series), selling out of production on day one would mean a substantial windfall for Tesla.
And with Tesla’s expansive former NUMMI factory currently operating at just a tiny fraction of its potential capacity the ‘green’ automaker certainly has the potential to simultaneously produce many different models at capacities to rival many other mainstream automakers.
Morgan Stanley expects 2013 deliveries of the Model S of about 15,000 vehicles.
In addition, Tesla unveiled that it had a “letter of intent” from Daimler AG. for “a full powertrain in the Mercedes line.”