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Tesla Makes Record Delivery Of Model S, Promises A ‘Pioneering Approach’ To Servicing Its Cars

Tesla Motors delivered a record-breaking number Model S, expanded its reach in Europe and China and posted a net loss of $38 million on $431 million in revenues for the third quarter, the company said Tuesday.

The electric car maker rolled out over 5,500 Model S during the quarter and now plans to increase its spending on research and development by 25% next quarter for both improving the designs of Model S and for bringing Model X to the market next year.

Tesla, which is astute at drumming up publicity, said in its letter to the shareholders about its third-quarter results that it’s got something cool to announce soon:
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“Tesla is pioneering a new approach to vehicle servicing that we believe will revolutionize the customer experience. An announcement about this will be forthcoming shortly.”


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