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Accelerated Model S sales drive Tesla into the black

2013-04-02 11:42:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Tesla has posted its first quarterly profit after the electric car manufacturer recorded higher than predicted sales of its Model S sedan. A company statement released on Sunday said vehicle sales in the first three months of this year exceeded 4,750, comfortably beating its target of 4,500 units. It added that "as a result, Tesla is amending its Q1 guidance to full profitability", although no exact figure has yet been given. "There have been many car start-ups over the past several decades,...

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