Submitted by Mark K on February 24, 2013
Repost from GB in another thread -
gblankenship | FEBRUARY 24, 2013
Thanks for the various notes I received about our comment in the recent shareholder letter regarding delivery timing of 40 kWh battery cars.
The confusion is my fault. When I reviewed the shareholder letter, I read the portions related to my area and not the final summary at the end. In the summary it said we would be delivering 40 kWh battery cars "later this summer." That is correct for those who place a reservation now, but not for those who already have a reservation.
40 kWh battery modules are on schedule to start phasing into battery production in March. They will work their way to the vehicle production line in April and will begin final assembly into cars by the end of April. Customer deliveries will begin at the end of April or the first half of May...not "later this summer."
Sorry for the confusion. This is a few weeks after previously stated, but not a 3 to 4 month delay as shown in the shareholder letter.