06 Dec '12, 5am

Tesla Starting To See Positive Cash Flow Says CEO

Tesla Starting To See Positive Cash Flow Says CEO

Tesla Starting To See Positive Cash Flow Says CEO Published December 6, 2012 By Pete Brissette Positive news keeps piling up for Tesla Motors. First came the announcement at the beginning of November that the company’s Model S received Automobile of The Year from Automobile magazine. Only a couple weeks later Motor Trend bestowed the Model S with the honor of Car of The Year award. Now, as he said the company would , Tesla’s CEO, Elon Musk, is reporting the electric carmaker is starting to move from red to black. In a Twitter post on Monday Musk wrote: “Am happy to report that Tesla was narrowly cash flow positive last week. Continued improvement expected through year end.” Taken at face value, this is impressive news considering Tesla posted a $111 loss in the third-quarter, and also has to contend with a $465 million loan from the Department of Energy. However, in that s...

Full article: http://www.hybridcars.com/news/tesla-starting-see-positiv...

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