May 9, 2013

YOUR NEXT CAR WILL BE A VOLT:

Even Without Accounting Gimmicks, Electric-Car Maker Tesla is Now Profitable (Kevin Bullis, 5/08/13, Technology Review)

As expected, Tesla Motors, the maker of the luxury Model S electric sedan, announced today that it was profitable for the first time in its ten-year history. During the first quarter of 2013 it had profits of $11 million. Total revenues were $562 million.

The profits came as Tesla cut costs and managed to sell more cars as it ramped up production at its factory in California. 

Posted by at May 9, 2013 6:32 PM
  

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