Monday, April 1, 2013

Strong Model S sales should boost Tesla to full profitability

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It appears the storm of controversy over Tesla Motors' Model S that followed a negative New York Times review hasn't done much to harm Elon Musk's electric car startup. The company today announced that it sold 4,750 vehicles in February versus the 4,500 predicted, and as such now expects to become fully profitable for the first time ever this quarter. "Profitability is what makes a company real," said Musk. "Tesla is here to stay and keep fighting for the electric car revolution."


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via The Verge - All Posts http://www.theverge.com/2013/4/1/4169310/tesla-forecasts-q1-profit-after-model-s-beats-sales-target

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