08 May '13, 11pm

Tesla posts first quarterly profit; Model S becomes best-selling plug-in car in US (probably)

Tesla had record sales of $562 million, which was up 83 percent from last quarter and resulted in a profit of $15 million (GAAP profit: $11 million). 4,900 Model S EVs were delivered in North America last quarter. This was higher than expected , and likely beat both the Chevy Volt and Nissan Leaf , which has Q1 sales of 4,244 and 3,539, respectively, in the US. Tesla now expects US to exceed 15,000 Model S EVs a year, with global demand probably more than 30,000 a year. This breaks down to least 10,000 Model S sales in Europe and 5,000 in Asia (but it could be more, since China is a wild card, Musk said). Over a million people visit Tesla stores every quarter. Only a small number actually buy a car, of course, but, "There are lots of people who buy T-shirts," Musk said. "We actually have millions of dollars in apparel sales, without really trying." Musk said, "We are think...

Full article: http://green.autoblog.com/2013/05/08/tesla-posts-first-qu...

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Tesla posts first quarterly profit; Model S bec...

green.autoblog.com 08 May '13, 11pm

Tesla had record sales of $562 million, which was up 83 percent from last quarter and resulted in a profit of $15 million ...

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