Tesla Confirms Mercedes EV
Tesla registered a $0.63 loss per share (GAAP), even though it managed to post revenues of $58 (EUR42) million. Explaining the results to its shareholders, the carmaker explained that it is making efforts to reduce costs in its path to profitability.
“We believe in purchasing used tooling and equipment for pennies on the dollar and buying low cost desks from IKEA, rather than spending large sums of money on architectural and interior design," the company said, in a pretty interesting statement.
Moving on to more important things, we’ll tell you that Tesla announced the signing of a letter of intent with Daimler for developing an electric powertrain for a future Mercedes model.
Tesla’s press statement include the A-Class EV, but the company also mentions another project, without offering us any info on it. Who knows, maybe the rumors indicating the future arrival of a B- or S-Class EV will become reality.