Tesla is sitting on more than 10,000 orders for its all-electric Model S sedan. Tesla might finally deliver the first units next month, slightly ahead of plan, says Reuters. The only thing that keeps the production from starting is a successful completion of crash tests required by U.S. safety regulators. If the car doesn’t bomb during the crash, customers can soon flaunt their high-priced environmental responsibility while tooling down the car-pool lanes in solitary fashion.
“Once we complete and document the tests, we will be able to sell our vehicles in the United States,” CEO Elon Musk told shareholders. Tesla will take a “slow, methodical” approach to the launch. By the end of the year 5,000 Model S sedans are expected to be delivered, half of the pre-orders.
Tesla needs the money. Tesla reported a first-quarter net loss of $89.9 million, or 86 cents per share, compared to $48.9 million or 51 cents per share a year earlier.