Wednesday May 08, 2013

Tesla Hits First Profitable Quarter Ever

Holy cow! Tesla posted a profit for the first time in a decade! Better get a weather update from hell, it might be snowing down there. eek!

The company sold 4,900 vehicles during the three month period, raking in $562 million in revenue, which is up a whopping 83% from last quarter’s $306 million. After it was all said and done, Tesla profited $11 million, which is barely pocket change, but it marks the first time in the company’s ten-year history that they’ve finished in the black.