Here’s the good news for Tesla CEO Elon Musk – demand for the superb Tesla Model S sedan is growing at a steady pace.
As for the bad news however, overall company deficit for Tesla last year tipped the rather worrying $1 billion mark for the first time.
During the closing quarter of last year, Tesla posted overall losses of $89.9 million compared to an $81.5 million loss from the same period in 2011 – a suggestion that things weren’t exactly moving in the right direction. That being said however, sales of Tesla electric vehicles saw a considerable spike year on year, having climbed to $306.3 million for Q4 2012 from a much lower $39.4 million during the same quarter in 2011.
Back with the loss however, a further near-$90 million in losses added to overall company deficit and took the balance clear past the $1 billion mark for the first time.
During the course of last year, Tesla made deliveries of around 2,650 units of the Model S sedan and accumulated a total of 6,000 Model S orders for the closing quarter – an impressive jump from the 2,900 orders placed in the previous quarter.
The news comes at a rather inconvenient juncture for Tesla as CEO Elon Musk continues to fight accusations of the company’s vehicles not coming close to reaching their advertised performance figures.