Tesla Motors Generates Profit For First Time Ever

Tesla Motors Generates Profit For First Time Ever

Don’t look now but the stumbling Tesla Motors, the electric car company recently on the receiving end of a $US465 million government loan, has turned a profit for the first time in its six-year history.

The numbers broke down to about $US20 million in revenue and $US1 million in profit. That $US465 million is set to fund development on the company’s first sedan offering, the $US50,000 Tesla Model S. Not stumbling anymore, it seems. [CNN]


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