Want to avoid traffic jams? There's an app for that! | FREE DOWNLOAD

Business

Tesla says it's reached full profitability

Monday, April 01, 2013
Tesla Model X

Franz von Holzhausen, Chief Designer, Tesla Motors talks about the doors on the Tesla Model X at media previews for the North American International Auto Show in Detroit, Tuesday, Jan. 15, 2013. (AP Photo/Paul Sancya)

Tags:
tesla, palo alto, auto industry, business
  • Comment Now
  • Print
  • Report a typo
  • ShareThis via email, AIM, social bookmarking and networking sites, etc.
  

PALO ALTO, Calif. (KGO) -- Palo Alto-based Tesla Motors says its reached full profitability.

The electric car company made the announcement over the weekend. Tesla says part of the reason is due to higher than expected sales of its new Model S Sedan. The company sold 250 more cars than it expected.

The announcement of full profitability for Tesla is separate from the Twitter tease CEO Elon Musk made last week. Musk said something "really exciting" is coming.

Related Content

Story: Electric car maker Tesla ramps up production
Story: Tesla sedan named Motor Trend's 'Car of the Year'
link: LINK: Follow @abc7newsbayarea on Twitter
link: 'Like' ABC7 News on Facebook
That announcement is expected Tuesday.

(Copyright ©2013 KGO-TV. All Rights Reserved.)


Get more Business »


Tags:
tesla, palo alto, auto industry, business
  • Comment Now
  • Print
  • Report a typo
  • ShareThis via email, AIM, social bookmarking and networking sites, etc.
blog comments powered by Disqus
Advertisement