April 1, 2013

YOUR NEXT CAR WILL BE A VOLT:

Tesla expects its first-ever profit (Jose Pagliery, April 1, 2013, CNNMoney)

Tesla Motors is expecting to report its first-ever quarterly profit after sales of its all-electric Model S exceeded expectations.

The announcement about the just-ended first quarter pushed Tesla Motors (TSLA) shares up nearly 20% midmorning.

"There have been many car startups over the past several decades, but profitability is what makes a company real," co-founder and CEO Elon Musk said in a late Sunday statement. "Tesla is here to stay and keep fighting for the electric car revolution."

Posted by at April 1, 2013 3:56 PM
  

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