25 Feb '13, 2pm

Tesla Expects To Earn Profit In First Quarter Of 2013

After reporting a loss of $90 million on revenue of $306 million , Musk told investors in a quarterly report that his company had built 2,750 cars in the fourth quarter of 2012, and delivered 2,400. Capacity at the Fremont, California factory has reached 400 cars per week. For the time being, Tesla remains a money-losing operation, which has caused concern among some market analysts . Their fears are justifiable, but Tesla seems to be one of the few exceptions in a world increasingly sour on pure electric vehicles.

Full article: http://gas2.org/2013/02/25/tesla-expects-to-earn-profit-i...

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