Things are going smoothly for Tesla. Their big Model X debut was a success, their cars are pre-ordered to capacity, and new business opportunities are presenting themselves. They’re still posting a net loss, of course, but that was expected and will continue for another year or so.

Here are the most salient points from their latest earnings statement, released today:

Total Q4 revenues: $39M (up 9% YOY)

Total 2011 revenues: $204M (up 75% vs. 2010)

Expected revenues for 2012: $550M-$600M (mostly in late 2012)

Operating expenses: $89M (GAAP)

Capital expenditures: $54M (mostly building production infrastructure)

Net Q4 losses: $81M (GAAP) or $0.78 per share on ~104M shares

Net 2011 losses: $264M (GAAP) or $2.53 per share

Beta Model S vehicles are being built at the nearly complete factory – 30 out of 50

Model S betas successfully do 0-60MPH in 4.5s

8000 total reservations for Model S

Model X debut caused 500 reservations, with $5000 commitment each

Model X to ship in late 2013 at around 10,000-15,000 units per year

New deal with Daimler to develop a new Mercedes all-electric powertrain

There are more Tesla battery packs at Daimler and Toyota than there are Roadsters

Everything seems to be going according to plan. 2012 should see the Model S hit the streets (in July) and Tesla-developed batteries and powertrains ship in partners’ vehicles. With luck we’ll have a chance to review the car and its interesting new dash system at that time.

The full earnings report and shareholder letter can be found at Tesla’s investor relations site.