{"id":5576,"date":"2013-02-15T13:21:14","date_gmt":"2013-02-15T17:21:14","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=5576"},"modified":"2013-02-15T13:21:14","modified_gmt":"2013-02-15T17:21:14","slug":"a-model-s-failure-may-bring-rimm-fate-to-tesla","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/a-model-s-failure-may-bring-rimm-fate-to-tesla-5576","title":{"rendered":"A Model-S Failure May Bring RIMM Fate To Tesla"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 02\/15\/2013 (wallstreetpr) &#8211; Nikola Tesla\u2019s \u00a0brainchild Tesla Motors Inc (NYSE:TSLA) is faced with a potential fourth quarter loss of 57 cents per share (excluding one off items) if the new model S doesn\u2019t work out, analysts say. The electrical vehicle maker seems to be on the verge of becoming the automotive industry\u2019s answer to Research In Motion (NASDAQ:BBRY), in terms of innovation at the expense of\u00a0 profitability.<\/p>\n<p style=\"text-align: justify;\">The Palo Alto-California based company is due to announce its Q4 and F.Y. 2012 results on February 20<sup>th<\/sup>. Despite gross profits from operations, it has suffered operational losses since last 4 consecutive years mainly because of huge administrative an R&amp;D cost. It is now counting on the Model-S sales for profitability. A newer Sedan Model-X crossover is also in the pipeline, due to be launched in 2014. The company\u2019s initial target is to sell 20,000 lithium ion battery powered sedans in 2013.<\/p>\n<p style=\"text-align: justify;\">The company had few incident of negative reviews from critics on its record. The most recent of such accounts after last year\u2019s \u201cTop Gear\u201d lawsuit , is one personal narrative of a journalist John M. Border\u2019s test journey on the California interstate. In his newspaper article and blog post Border literally torn apart the company\u2019s claims over the range of the battery powered vehicles saying the car had to be \u201ctowed back\u201d to a recharge station due to power failure.<\/p>\n<p style=\"text-align: justify;\">The Model-S Sedan which Broder tested boasts of a 300 mile (483 kilometers) range \u00a0given ideal weather and a fully charged 85 kilowatt-hour battery pack.<\/p>\n<p style=\"text-align: justify;\">Border\u2019s claims received a strong refute from Elon Musk , Tesla Motors Inc (NYSE:TSLA) CEO and product architect who pointed out that Border made three errors\u00a0 Border did not follow the charging protocol correctly and also drove the car beyond its speed cap in the given hot weather conditions. He also said he would disclose the car\u2019s data logger records to the public.<\/p>\n<p style=\"text-align: justify;\">Tesla Motors Inc (NYSE:TSLA)\u2019s official website warns that range is reduced in cold weather as heating system eats away some of the battery power, but the decrease in range in a hot weather is not mentioned there. The speed cap for optimal battery level is 65 miles per hour. Border says he drove at 10 degrees Fahrenheit i.e. minus 12 Celsius.<\/p>\n<p style=\"text-align: justify;\">The article \u201cdoes not factually represent Tesla technology &#8212;- \u00a0designed and tested to operate well in both hot and cold climates\u201d Musk wrote in a website post published earlier today which also details the data logs from the electric vehicle\u2019s logging system. \u00a0Musk is wrong in accusing me of dishonest sabotage Broder mentioned in his today\u2019s article. One of the dials said the car was \u201cshutting down&#8211;and it did\u201d Border wrote, in support of his initial claims. However, he does also mention he was never briefed on the protocol.<\/p>\n<p style=\"text-align: justify;\">The company\u2019s shares plunged 0.4% yesterday landing at $38.30. All in all it gained 13% over the last year as against a 7% gain in the benchmark Russell 1000 Index.<\/p>\n<p style=\"text-align: justify;\">The shares of Tesla Motors Inc (NYSE:TSLA) were down 2.82% and currently trading at $37.22.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 02\/15\/2013 (wallstreetpr) &#8211; Nikola Tesla\u2019s \u00a0brainchild Tesla Motors Inc (NYSE:TSLA) is faced with a potential fourth quarter loss of 57 cents per share [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":5577,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[265],"tags":[1650,1651],"stock_ticker":[],"class_list":["post-5576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-nysetsla","tag-tesla-motors-inc-nysetsla","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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