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Tesla Motors, Inc. Message Board

  • adspatz adspatz Aug 8, 2013 8:53 AM Flag

    Tesla Motors reports earnings of $26.3M

    Search for "SEC Live Filings Digest" to find out more.
    Tesla Motors (TSLA) surpassed all expectations as it announced its financial results for second quarter, reporting net income of $26.3M on revenues of $401.5M. This quarter last year the company reported a net loss of $93.2M, with analysts expecting the company to report a net loss of $18.9M this quarter. Earnings per share were $0.20, beating the predicted $0.19 losses per share. Tesla CEO Elon Musk, who is also CEO of SpaceX, has been ambitiously exploring ways for the company to grow and remain profitable, with plans to open charging stations for the electric autos. The company’s production rate has steadily increased from 400 to nearly 500 vehicles per week, as evidenced in its sales of 5,150 vehicles this quarter, exceeding the 5,000 vehicle analyst prediction.

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