The 3rd quarter of 2011 has been a good one for Tesla Motors. Its letter to its shareholders was quite upbeat with news that sales of Roadsters and Model S reservations were on the rise, development targets for its own vehicles and the Toyota Rav4EV are being met and its financial performance was better than expected. All this put the markets in a giddy mood and its stock shot up, hitting $32.41 at one point. Days later, it remains above $31 (as of this writing).

The letter, along with the conference call, also held a bit of new information. Most significantly, a letter of intent (LOI) has been signed with Daimler that would see an entire powertrain developed for a vehicle in the future. Perhaps – and this is just our conjecture – we will see an all-electric B-Class E-Cell from the German company. Details are being kept under wraps for now, but we hope to hear more by the time the Detroit Motor Show rolls around in January.

Another bit of news concerns the upcoming Tesla Model X. The all-electric SUV, built upon the Model S platform and sharing many of its components, will apparently have four-wheel-drive if not as standard, then as an option, and be available to customers as soon as late 2013 at a price said to be close to that of the $57,500 Model S. Production volumes of 10,000 to 15,000 are planned for 2014.

What will it look like? Well, if the photo heading this post is the clay-model-in-the-design-studio it appears to be, and you have the sort of quantum x-ray vision it would take to peer under the black cloth, then, it looks like that. For us mere mortals, we will have to wait just a short while and all will be revealed soon.

If you'd like to get into the nitty gritty of the latest Tesla missive, you can read the Shareholder letter for yourself at this link.


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  • 16 Comments
      PR
      • 3 Years Ago
      We're starting to get a better time line for Tesla's product rollouts. 2012 Model S 2013 Model X 2014 New Roadster 2015 ??? maybe the mass-market lower budget car for around 30K ??? With cars already announced for 2012, 2013, and 2014, I can't see them going on a 2 year break. The New Roadster is supposed to be based on the "third generation" mass-market chassis, so it would make sense to use the New Roadster as their Halo car to introduce the mass-market chassis. Then shortly after release their budget model once everyone sees the sporty 2-seater racing around on the same chassis.
        Grendal
        • 3 Years Ago
        @PR
        I agree. Here's my timeline guess I wrote on another forum: 2012 - Model S and Model S Sport 2013 - Model X Crossover - described by Musk as the ultimate in versitility which he believes describes what people want from an SUV. Boatloads of space. Built on the Model S platform. 2014 - New Roadster, Model S Cabriolet, Model S 2.0 - The new roadster should be better than the old in almost every way. It will be larger with the 3rd generation skateboard platform. The Cabriolet will be a convertable version of the Model S and not much else. I expect a slight facelifted version of the Model S to appear at this time also. The Roadster Sport will come out at the same time as the regular Roadster or come out 1 year later. 2015 - 30K model - Using the new roadster platform and actually around 40K but with incentives (if they still exist) to bring it to low 30's with the small battery pack and less features. A guess at 0-60 in 8 seconds. The smallest pack size will still be 120 miles (true miles) with normal driving. Maybe more if there's an increase in battery tech in the next 3 years. 2016 - 30K model SUV/Hatchback - for families and functionality - hasn't been talked about but c'mon - the Tesla version of a Honda Fit.
      Lazybones
      • 3 Years Ago
      An I though pictures of Aliens and UFOs where fuzzy :)
      Marco Polo
      • 3 Years Ago
      The Mercedes B class was originally designed to have an EV version .
        Letstakeawalk
        • 3 Years Ago
        @Marco Polo
        Yes, Mercedes has planned several different drivetrain variations for the B-Class from the beginning.
      fgytt
      • 3 Years Ago
      http://www.hapous.com/ BIG DISCOUNT AND MORE SURPRISEļ¼š Air Force One $30--36 Air Jordans $30--34 Nike blazer $30--34 ATO $30--40 James $30--40 GUCCI $30--35 Garnett $30--40 DUNK SB $30--38 CR $30--60 Cole Haan $30--60 TIMBERLAND $30--48 etc. --- short shipp time(4-7days) --- low shipping cost --- competitive price ---- any size available ---- accept the paypal payment
      theflew
      • 3 Years Ago
      I don't care about blurry pictures or future products. I want to see Tesla get some cars on the road (Model S). That's the easiest way for them to calm the critics. And the Roadster doesn't count because it's little more than a kit car. Right now I see a lot of chickens being counts before the eggs hatch.
        skierpage
        • 3 Years Ago
        @theflew
        Critics are mostly stupid, and thank goodness you don't run a car company. It takes 3-5 years to bring a new car model to market. Tesla is developing new models while bringing the Model S to mass production... the same thing every other real car company does. Tesla has enough employees that it can't get the Model S to happen any quicker by sending everyone to the factory, and they've already raised most of the money to make the Model X, much in the $231M follow-on stock offering in June. "Kit car" is in the eye of the beholder, but Tesla makes the motor, battery pack, battery management system, and motor-controller electronics of the Roadster in-house. That has obviously helped them get the Model S pre-production cars on the road.
      fgytt
      • 3 Years Ago
      http://www.hapous.com/ BIG DISCOUNT AND MORE SURPRISEļ¼š Air Force One $30--36 Air Jordans $30--34 Nike blazer $30--34 ATO $30--40 James $30--40 GUCCI $30--35 Garnett $30--40 DUNK SB $30--38 CR $30--60 Cole Haan $30--60 TIMBERLAND $30--48 etc. --- short shipp time(4-7days) --- low shipping cost --- competitive price ---- any size available ---- accept the paypal payment
      Grendal
      • 3 Years Ago
      Clay model in the design studio? Looks like a blurry photograph to me. It could just as easily be a Toyota RAV4 EV which is supposed to be built by Tesla. Or a Daimler EV SUV. It looks a little squarish for an official Tesla design. I'd expect a more sporty elegant styling for the Model X along the lines of the Alfa Romeo SUV or the Porsche Cajun.
      Dan Frederiksen
      • 3 Years Ago
      has a strange shape so I wouldn't think so
        Marco Polo
        • 3 Years Ago
        @Dan Frederiksen
        (sigh) There's always one little creep to spoil the party isn't there? Bob Lutz, , Elon Musk and all those shareholders may think Tesla will succeed. An army of eager buyers who have plunked down their deposits, believe Tesla will succeed. Toyota, and Daimler think Tesla so superior, that they are willing to pay Tesla, nothing will stop DF, proclaiming Tesla's doom! will be well received, but all small dark cloud has consistently proclaimed Tesla's doom! Here a classic DF from April 16 2010 at 9:59 : [Quote] I have gone on the record as saying the model S is the wrong way to go because it's heavy 1700 kg and it has no range extender nor recharge you can wait for plus I think the price will end up higher than proclaimed by Elon the dishonest. my guess is 79k for the entry level. maybe even 85, and that I fear is too high a price with too big drawbacks to push 10000 units per year with their dealership. if big business made any sense then I think the model S will kill tesla. ipo and other fictitious accounting might keep them afloat to get another chance, I don't know. Tesla is just a ponzi scheme for ...if they want real innovation then an inline 2 model too or even a flying 1 seater car. yes it's possible. no I don't expect you to understand. just for the record. [/quote] Now, nearly all EV enthusiasts, (even petrol heads admire) Elon Musk for having the courage and determination to see his dream come true. But, lurking in his bedroom is DF, ignored, mocked, friendless, and bitterly resentful of those that actually accomplish worthwhile achievements. Musk will continue to grow in stature and achieve even greater feats than he has already accomplished! ( DF, will just grow older).
          Dan Frederiksen
          • 3 Years Ago
          @Marco Polo
          it now seems Tesla will hold on to their initial pricing and if they do my guess of a higher price was wrong. I stand by my assessment though and I'm not sure how that spoils the party. my assessment wont decide their outcome as people don't listen to me : ) but the truth of what I say might. I still don't expect Tesla to make it but there is a chance. if solid sales manifest and they did better accounting this time. but I don't expect it. it might be worth noting the 2-300m$ loss on the roadster program and the brush with bankruptcy they already had which is documented in the never arriving Revenge of the Electric Car. and if a second deep recession happens soon they'll have yet another unfortunate launch timing that wont make it easier.
          Timo
          • 3 Years Ago
          @Marco Polo
          If DF is referring to shape of the vehicle then I might agree with him, that doesn't look like Model X as I have thought it is, that's more like a minivan than SUV. Too high passenger compartment, too short nose and too square for Tesla design. Obviously picture has been twisted so badly that you can't tell anything real based on it.
      mike999
      • 3 Years Ago
      It's probably the utility van. The SUV will be much smoother in shape.
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