Jul 26, 2012 9:57 AM | about stocks: TSLA July 2012 It seems many people have an opinion on Tesla Motors ( TSLA ). As an Investor and Entrepreneur, I would like to offer mine. The company continues to progress every quarter and the value of the company continues to go up. There continues to be more positives than negatives. --- Here are notes contained within the Tesla Motors Q2 2012 shareholder letter. - We concluded the quarter with $266 million in cash resources. - We currently expect to be close to free cash flow breakeven in Q4 of this year. - Model S reservations at quarter end were over 11,500, and are now at about 12,200. - This accelerating pace of reservations makes us confident that demand will surpass 20,000 Model S units for full year 2013 deliveries. --- The possible negatives I see are 1) execution risk and 2) cash balances. 1) The company is offsetting the execution risk by focusing on quality and production control. 2) The company