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>> TESLA MOTORS Latest News

FEB 20, 2013 - San Francisco Chronicle

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Tesla CEO expects profitable quarter

Tesla CEO expects profitable quarter Tesla Motors CEO Elon Musk predicted Wednesday that the maker of luxury electric cars would reach profitability in the current quarter, a milestone for a startup that just began mass production last year. Tesla spent heavily last year as it refurbished a closed auto factory in Fremont to make the company's new Model S sedan and opened stores across North America to sell it. Tesla's annual loss equals $3.69 per diluted share and came even as annual revenue doubled, from $204.2 million in 2011 to $413.3 million last year. Tesla and the Model S have ... Read More

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