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Tesla Motors Turns a Profit for First Time as Model S Sales Exceed Target
Posted By Lidija Grozdanic On April 1, 2013 @ 5:31 pm In Green Transportation,Innovation,News | 1 Comment
Tesla Motors , the pioneering California-based electric car company, announced yesterday that sales of its Model S  sedan exceeded expectations. The company expected to sell 4,500 units of the Model S in the first quarter, but by last weekend sales had surpassed 4,750. According to Tesla, the company, which has been hemorrhaging money in recent years, turned a profit for the first time in the first quarter of 2013.
“There have been many car startups over the past several decades, but profitability is what makes a company real,” said Tesla CEO Elon Musk in a statement. “Tesla is here to stay and keep fighting for the electric car revolution.”
Tesla’s Model S vehicle sales exceeded 4,750 units vs. the 4,500 unit prior outlook, according to the company. However, an estimate made by Bloomberg News  shows a loss of 11 cents a share. Bloomberg’s estimate noted that Tesla fell 27 cents (0.7%) on March 28, with a 12 total annual stock  gain. Tesla Motors is expected to release its financial disclosure statement today.
+ Tesla Motors 
Via Bloomberg 
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 Image: http://inhabitat.com/tesla-motors-turns-a-profit-for-first-time-as-model-s-sales-exceed-target/tesla-motors-model-s/
 Tesla Motors: http://inhabitat.com/tag/tesla/
 Model S: http://inhabitat.com/tag/tesla-model-s/
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 an estimate made by Bloomberg News: http://www.bloomberg.com/news/2013-04-01/tesla-says-it-turned-profitable-as-model-s-sales-beat-forecast.html
 stock: http://inhabitat.com/nyc/new-york-stock-exchange-goes-green-with-installation-of-super-insulating-glass/
 + Tesla Motors: http://www.teslamotors.com/about/press/releases/tesla-model-s-sales-exceed-target
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